Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Shares Pass Above 200-Day Moving Average of $13.18

Shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFT) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.18 and traded as high as $13.44. Eaton Vance Floating-Rate Income Trust shares last traded at $13.28, with a volume of 82,638 shares changing hands.

Eaton Vance Floating-Rate Income Trust Price Performance

The firm’s 50-day moving average is $13.42 and its 200 day moving average is $13.18.

Eaton Vance Floating-Rate Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 21st will be given a $0.118 dividend. The ex-dividend date is Friday, June 21st. This represents a $1.42 annualized dividend and a yield of 10.55%.

Institutional Trading of Eaton Vance Floating-Rate Income Trust

Several institutional investors and hedge funds have recently bought and sold shares of the business. Carolinas Wealth Consulting LLC raised its position in Eaton Vance Floating-Rate Income Trust by 31.0% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 4,856 shares of the investment management company’s stock valued at $62,000 after purchasing an additional 1,149 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in Eaton Vance Floating-Rate Income Trust by 5.5% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 29,559 shares of the investment management company’s stock worth $371,000 after buying an additional 1,550 shares during the last quarter. UBS Group AG raised its position in Eaton Vance Floating-Rate Income Trust by 0.8% during the 3rd quarter. UBS Group AG now owns 234,226 shares of the investment management company’s stock worth $2,883,000 after buying an additional 1,885 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in Eaton Vance Floating-Rate Income Trust during the 4th quarter worth $31,000. Finally, Comerica Bank raised its position in Eaton Vance Floating-Rate Income Trust by 87.4% during the 1st quarter. Comerica Bank now owns 7,139 shares of the investment management company’s stock worth $95,000 after buying an additional 3,330 shares during the last quarter.

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.