Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Share Price Crosses Above Two Hundred Day Moving Average of $13.14

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.14 and traded as high as $13.56. Eaton Vance Floating-Rate Income Trust shares last traded at $13.50, with a volume of 77,341 shares traded.

Eaton Vance Floating-Rate Income Trust Stock Performance

The firm’s 50 day moving average is $13.41 and its two-hundred day moving average is $13.14.

Eaton Vance Floating-Rate Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 21st will be paid a dividend of $0.118 per share. The ex-dividend date is Friday, June 21st. This represents a $1.42 annualized dividend and a yield of 10.49%.

Institutional Investors Weigh In On Eaton Vance Floating-Rate Income Trust

Several institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James & Associates raised its stake in Eaton Vance Floating-Rate Income Trust by 2.5% during the fourth quarter. Raymond James & Associates now owns 744,430 shares of the investment management company’s stock worth $9,343,000 after acquiring an additional 17,895 shares during the period. Advisors Asset Management Inc. grew its position in Eaton Vance Floating-Rate Income Trust by 5.8% in the 1st quarter. Advisors Asset Management Inc. now owns 406,148 shares of the investment management company’s stock worth $5,406,000 after purchasing an additional 22,430 shares during the last quarter. UBS Group AG grew its position in Eaton Vance Floating-Rate Income Trust by 0.8% in the 3rd quarter. UBS Group AG now owns 234,226 shares of the investment management company’s stock worth $2,883,000 after purchasing an additional 1,885 shares during the last quarter. Apollon Wealth Management LLC grew its position in Eaton Vance Floating-Rate Income Trust by 11.6% in the 4th quarter. Apollon Wealth Management LLC now owns 148,908 shares of the investment management company’s stock worth $1,869,000 after purchasing an additional 15,473 shares during the last quarter. Finally, Koshinski Asset Management Inc. grew its position in Eaton Vance Floating-Rate Income Trust by 63.4% in the 4th quarter. Koshinski Asset Management Inc. now owns 139,639 shares of the investment management company’s stock worth $1,752,000 after purchasing an additional 54,186 shares during the last quarter.

Eaton Vance Floating-Rate Income Trust Company Profile

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.