WT Wealth Management Sells 2,073 Shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFT)

WT Wealth Management cut its holdings in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) by 8.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,735 shares of the investment management company’s stock after selling 2,073 shares during the quarter. WT Wealth Management’s holdings in Eaton Vance Floating-Rate Income Trust were worth $296,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of EFT. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Eaton Vance Floating-Rate Income Trust in the 2nd quarter valued at $40,000. NBC Securities Inc. lifted its stake in Eaton Vance Floating-Rate Income Trust by 106.8% in the third quarter. NBC Securities Inc. now owns 4,550 shares of the investment management company’s stock valued at $58,000 after buying an additional 2,350 shares during the period. Comerica Bank lifted its stake in Eaton Vance Floating-Rate Income Trust by 87.4% in the first quarter. Comerica Bank now owns 7,139 shares of the investment management company’s stock valued at $95,000 after buying an additional 3,330 shares during the period. Choreo LLC bought a new position in Eaton Vance Floating-Rate Income Trust during the second quarter worth about $411,000. Finally, Commonwealth Equity Services LLC grew its position in shares of Eaton Vance Floating-Rate Income Trust by 297.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 51,132 shares of the investment management company’s stock worth $686,000 after buying an additional 38,282 shares during the period.

Eaton Vance Floating-Rate Income Trust Stock Performance

Shares of NYSE:EFT traded up $0.04 during mid-day trading on Tuesday, reaching $13.14. The stock had a trading volume of 76,340 shares, compared to its average volume of 91,150. The firm has a 50 day simple moving average of $12.99 and a two-hundred day simple moving average of $13.26. Eaton Vance Floating-Rate Income Trust has a twelve month low of $11.46 and a twelve month high of $13.88.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 23rd will be issued a $0.109 dividend. The ex-dividend date of this dividend is Wednesday, October 23rd. This represents a $1.31 annualized dividend and a yield of 9.95%.

Eaton Vance Floating-Rate Income Trust 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.