International Assets Investment Management LLC Makes New Investment in Eaton Vance Floating-Rate Income Trust (NYSE:EFT)

International Assets Investment Management LLC purchased a new position in shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFT) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 24,981 shares of the investment management company’s stock, valued at approximately $322,000.

A number of other large investors also recently bought and sold shares of EFT. Northwestern Mutual Wealth Management Co. purchased a new position in Eaton Vance Floating-Rate Income Trust during the second quarter worth approximately $40,000. NBC Securities Inc. raised its stake in shares of Eaton Vance Floating-Rate Income Trust by 106.8% in the 3rd quarter. NBC Securities Inc. now owns 4,550 shares of the investment management company’s stock valued at $58,000 after acquiring an additional 2,350 shares during the period. Comerica Bank raised its stake in shares of Eaton Vance Floating-Rate Income Trust by 87.4% in the 1st quarter. Comerica Bank now owns 7,139 shares of the investment management company’s stock valued at $95,000 after acquiring an additional 3,330 shares during the period. Private Advisor Group LLC raised its stake in shares of Eaton Vance Floating-Rate Income Trust by 17.1% in the 3rd quarter. Private Advisor Group LLC now owns 20,528 shares of the investment management company’s stock valued at $264,000 after acquiring an additional 3,000 shares during the period. Finally, Choreo LLC purchased a new position in shares of Eaton Vance Floating-Rate Income Trust in the 2nd quarter valued at $411,000.

Eaton Vance Floating-Rate Income Trust Price Performance

Shares of EFT stock opened at $13.13 on Thursday. Eaton Vance Floating-Rate Income Trust has a 52 week low of $11.94 and a 52 week high of $13.88. The company’s fifty day simple moving average is $12.99 and its 200-day simple moving average is $13.24.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be paid a dividend of $0.103 per share. This represents a $1.24 annualized dividend and a yield of 9.41%. The ex-dividend date of this dividend is Thursday, November 21st.

About Eaton Vance Floating-Rate Income Trust

Eaton Vance Floating-Rate Income Trust is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in fixed income markets of the United States. It invests in fixed income securities operating across diversified sectors. The fund primarily invests in senior, secured floating rate loans.