LPL Financial LLC Reduces Stock Position in Eaton Vance Floating-Rate Income Trust (NYSE:EFT)

LPL Financial LLC trimmed its holdings in shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFT – Get Rating) by 8.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 141,491 shares of the investment management company’s stock after selling 13,811 shares during the period. LPL Financial LLC’s holdings in Eaton Vance Floating-Rate Income Trust were worth $1,569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Sather Financial Group Inc purchased a new stake in shares of Eaton Vance Floating-Rate Income Trust during the 4th quarter worth approximately $3,626,000. Bank of America Corp DE lifted its position in shares of Eaton Vance Floating-Rate Income Trust by 14.9% during the first quarter. Bank of America Corp DE now owns 1,543,749 shares of the investment management company’s stock worth $20,408,000 after purchasing an additional 200,408 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Eaton Vance Floating-Rate Income Trust by 179.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 187,025 shares of the investment management company’s stock valued at $2,125,000 after buying an additional 120,077 shares during the period. Cohen & Steers Inc. acquired a new position in shares of Eaton Vance Floating-Rate Income Trust during the third quarter valued at $1,096,000. Finally, Guggenheim Capital LLC increased its position in Eaton Vance Floating-Rate Income Trust by 22.2% in the 1st quarter. Guggenheim Capital LLC now owns 516,263 shares of the investment management company’s stock valued at $6,825,000 after acquiring an additional 93,841 shares during the period.

Eaton Vance Floating-Rate Income Trust Stock Up 0.1 %

Shares of EFT opened at $11.12 on Friday. Eaton Vance Floating-Rate Income Trust has a 12-month low of $10.89 and a 12-month high of $13.22. The firm’s 50 day moving average is $11.42 and its 200-day moving average is $11.51.

Eaton Vance Floating-Rate Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Monday, May 22nd will be paid a $0.111 dividend. The ex-dividend date of this dividend is Friday, May 19th. This represents a $1.33 annualized dividend and a yield of 11.98%.

Eaton Vance Floating-Rate Income Trust Company Profile

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Eaton Vance Floating-Rate Income Trust operates as a non-diversified, closed-end management investment company. Its investment objective is to provide a high level of current income. The firm’s secondary objective is to seek capital appreciation to the extent consistent with its primary goal of high current income.