Royal Bank of Canada Has $1.10 Million Stock Position in Eaton Vance Floating-Rate Income Trust $EFT

Royal Bank of Canada cut its position in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) by 45.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 102,900 shares of the investment management company’s stock after selling 84,213 shares during the quarter. Royal Bank of Canada’s holdings in Eaton Vance Floating-Rate Income Trust were worth $1,104,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of EFT. Raymond James Financial Inc. raised its stake in shares of Eaton Vance Floating-Rate Income Trust by 8.3% in the second quarter. Raymond James Financial Inc. now owns 830,163 shares of the investment management company’s stock valued at $10,360,000 after acquiring an additional 63,716 shares during the last quarter. 1607 Capital Partners LLC increased its holdings in Eaton Vance Floating-Rate Income Trust by 994.3% during the 4th quarter. 1607 Capital Partners LLC now owns 799,921 shares of the investment management company’s stock valued at $9,031,000 after purchasing an additional 726,821 shares in the last quarter. Invesco Ltd. raised its position in Eaton Vance Floating-Rate Income Trust by 1.9% in the 4th quarter. Invesco Ltd. now owns 538,738 shares of the investment management company’s stock valued at $6,082,000 after purchasing an additional 9,964 shares during the last quarter. Polar Asset Management Partners Inc. boosted its stake in Eaton Vance Floating-Rate Income Trust by 2.2% in the third quarter. Polar Asset Management Partners Inc. now owns 424,306 shares of the investment management company’s stock worth $4,994,000 after purchasing an additional 9,251 shares in the last quarter. Finally, Rivernorth Capital Management LLC bought a new stake in shares of Eaton Vance Floating-Rate Income Trust during the fourth quarter worth $3,673,000.

Eaton Vance Floating-Rate Income Trust Stock Performance

Shares of NYSE:EFT opened at $10.73 on Friday. The business has a fifty day moving average of $10.74 and a 200-day moving average of $10.84. Eaton Vance Floating-Rate Income Trust has a twelve month low of $10.34 and a twelve month high of $12.17.

Eaton Vance Floating-Rate Income Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be paid a $0.068 dividend. This is a boost from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend is Friday, August 14th.

Eaton Vance Floating-Rate Income Trust Company Profile

Eaton Vance Floating-Rate Income Trust (NYSE: EFT) is a diversified, closed-end management investment company that seeks to provide current income with capital preservation. Originally launched in June 1988, the trust is listed on the New York Stock Exchange and offers investors access to a portfolio of floating-rate debt instruments. As a closed-end vehicle, it issues a fixed number of shares and may employ leverage to enhance income potential.

The trust’s primary investment strategy centers on senior secured floating-rate loans, often referred to as bank loans, issued by U.S.