Truist Financial Corp Lowers Position in Eaton Vance Floating-Rate Income Trust (NYSE:EFT)

Truist Financial Corp decreased its stake in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) by 29.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,219 shares of the investment management company’s stock after selling 6,433 shares during the quarter. Truist Financial Corp’s holdings in Eaton Vance Floating-Rate Income Trust were worth $204,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of EFT. Northwestern Mutual Wealth Management Co. bought a new position in shares of Eaton Vance Floating-Rate Income Trust during the 2nd quarter valued at approximately $40,000. Comerica Bank lifted its holdings in Eaton Vance Floating-Rate Income Trust by 87.4% during the first quarter. Comerica Bank now owns 7,139 shares of the investment management company’s stock valued at $95,000 after purchasing an additional 3,330 shares in the last quarter. Choreo LLC purchased a new position in Eaton Vance Floating-Rate Income Trust during the second quarter valued at approximately $411,000. Commonwealth Equity Services LLC boosted its position in shares of Eaton Vance Floating-Rate Income Trust by 297.9% in the second quarter. Commonwealth Equity Services LLC now owns 51,132 shares of the investment management company’s stock worth $686,000 after purchasing an additional 38,282 shares during the period. Finally, Garner Asset Management Corp increased its stake in shares of Eaton Vance Floating-Rate Income Trust by 4.6% in the second quarter. Garner Asset Management Corp now owns 70,585 shares of the investment management company’s stock worth $947,000 after purchasing an additional 3,105 shares in the last quarter.

Eaton Vance Floating-Rate Income Trust Price Performance

NYSE:EFT opened at $13.01 on Friday. The business’s 50-day simple moving average is $12.99 and its two-hundred day simple moving average is $13.26. Eaton Vance Floating-Rate Income Trust has a 52 week low of $11.46 and a 52 week high of $13.88.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 23rd will be paid a $0.109 dividend. The ex-dividend date is Wednesday, October 23rd. This represents a $1.31 annualized dividend and a yield of 10.05%.

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.