Elequin Capital LP Invests $42,000 in Eaton Vance Floating-Rate Income Trust (NYSE:EFT)

Elequin Capital LP purchased a new stake in shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,236 shares of the investment management company’s stock, valued at approximately $42,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. bought a new position in Eaton Vance Floating-Rate Income Trust during the fourth quarter valued at about $8,328,000. Guggenheim Capital LLC boosted its position in shares of Eaton Vance Floating-Rate Income Trust by 8.1% during the 4th quarter. Guggenheim Capital LLC now owns 604,100 shares of the investment management company’s stock valued at $7,751,000 after purchasing an additional 45,394 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Eaton Vance Floating-Rate Income Trust by 18.1% in the 4th quarter. Advisors Asset Management Inc. now owns 496,886 shares of the investment management company’s stock worth $6,375,000 after purchasing an additional 76,050 shares during the last quarter. LPL Financial LLC grew its stake in shares of Eaton Vance Floating-Rate Income Trust by 3.5% in the 4th quarter. LPL Financial LLC now owns 165,572 shares of the investment management company’s stock worth $2,124,000 after purchasing an additional 5,631 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Eaton Vance Floating-Rate Income Trust by 9.8% in the 4th quarter. Ameriprise Financial Inc. now owns 70,100 shares of the investment management company’s stock worth $899,000 after purchasing an additional 6,269 shares in the last quarter.

Eaton Vance Floating-Rate Income Trust Stock Performance

Shares of NYSE:EFT opened at $12.12 on Thursday. Eaton Vance Floating-Rate Income Trust has a 1-year low of $10.44 and a 1-year high of $13.88. The company has a 50 day moving average price of $12.07 and a 200 day moving average price of $12.84.

Eaton Vance Floating-Rate Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.094 per share. This represents a $1.13 annualized dividend and a dividend yield of 9.31%. The ex-dividend date is Thursday, May 15th.

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.