Park Avenue Securities LLC Buys New Shares in Eaton Vance Floating-Rate Income Trust $EFT

Park Avenue Securities LLC purchased a new position in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 107,185 shares of the investment management company’s stock, valued at approximately $1,145,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. CoreCap Advisors LLC lifted its holdings in Eaton Vance Floating-Rate Income Trust by 100.0% during the 2nd quarter. CoreCap Advisors LLC now owns 2,600 shares of the investment management company’s stock worth $28,000 after buying an additional 1,300 shares during the last quarter. Sigma Planning Corp grew its position in shares of Eaton Vance Floating-Rate Income Trust by 14.1% during the 3rd quarter. Sigma Planning Corp now owns 11,505 shares of the investment management company’s stock valued at $123,000 after buying an additional 1,418 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of Eaton Vance Floating-Rate Income Trust during the 1st quarter worth approximately $124,000. Kestra Advisory Services LLC acquired a new stake in shares of Eaton Vance Floating-Rate Income Trust during the 1st quarter worth approximately $145,000. Finally, Integrated Capital Management Inc. bought a new position in Eaton Vance Floating-Rate Income Trust during the 3rd quarter worth $201,000.

Eaton Vance Floating-Rate Income Trust Trading Down 0.5%

EFT stock opened at $10.57 on Tuesday. Eaton Vance Floating-Rate Income Trust has a 1 year low of $10.31 and a 1 year high of $11.67. The stock’s fifty day moving average is $10.58 and its two-hundred day moving average is $10.81.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Thursday, October 15th were given a dividend of $0.07 per share. This is a drop from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.0710. The ex-dividend date was Thursday, October 15th. This represents a $0.84 dividend on an annualized basis and a yield of 7.9%.

Eaton Vance Floating-Rate Income Trust Company Profile

Eaton Vance Floating-Rate Income Trust is a closed-end investment company listed on the New York Stock Exchange under the symbol EFT. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

The trust invests primarily in floating-rate loans and other floating-rate debt instruments, including senior secured loans issued by companies. These investments generally have interest rates that adjust periodically, which can help reduce sensitivity to changes in prevailing interest rates compared with fixed-rate bonds.