Eaton Vance Floating-Rate Income Trust $EFT Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC cut its holdings in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) by 5.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,880 shares of the investment management company’s stock after selling 8,954 shares during the quarter. Apollon Wealth Management LLC’s holdings in Eaton Vance Floating-Rate Income Trust were worth $1,783,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Ameritas Advisory Services LLC acquired a new stake in shares of Eaton Vance Floating-Rate Income Trust in the second quarter valued at approximately $42,000. Elequin Capital LP lifted its stake in shares of Eaton Vance Floating-Rate Income Trust by 106.3% during the first quarter. Elequin Capital LP now owns 6,675 shares of the investment management company’s stock valued at $84,000 after buying an additional 3,439 shares during the period. HFG Advisors Inc. purchased a new position in shares of Eaton Vance Floating-Rate Income Trust during the first quarter valued at approximately $126,000. Kestra Private Wealth Services LLC purchased a new position in shares of Eaton Vance Floating-Rate Income Trust during the first quarter valued at approximately $142,000. Finally, First Heartland Consultants Inc. purchased a new position in shares of Eaton Vance Floating-Rate Income Trust during the first quarter valued at approximately $190,000.

Eaton Vance Floating-Rate Income Trust Price Performance

Shares of EFT opened at $11.77 on Tuesday. The company’s 50 day simple moving average is $11.98 and its 200 day simple moving average is $12.11. Eaton Vance Floating-Rate Income Trust has a 1 year low of $10.44 and a 1 year high of $13.61.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be paid a dividend of $0.086 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) annualized dividend and a dividend yield of 8.8%.

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.