Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Eaton Vance Floating-Rate Income Trust (NYSE:EFT)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.19 and traded as high as $13.23. Eaton Vance Floating-Rate Income Trust shares last traded at $13.16, with a volume of 63,719 shares.

Eaton Vance Floating-Rate Income Trust Stock Performance

The company’s fifty day moving average price is $13.28 and its two-hundred day moving average price is $13.19.

Eaton Vance Floating-Rate Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were issued a dividend of $0.103 per share. The ex-dividend date was Monday, December 30th. This represents a $1.24 dividend on an annualized basis and a yield of 9.38%.

Hedge Funds Weigh In On Eaton Vance Floating-Rate Income Trust

A number of institutional investors and hedge funds have recently bought and sold shares of EFT. Northwestern Mutual Wealth Management Co. bought a new position in shares of Eaton Vance Floating-Rate Income Trust in the second quarter valued at about $40,000. NBC Securities Inc. raised its stake in shares of 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 worth $58,000 after acquiring an additional 2,350 shares during the last quarter. MeadowBrook Investment Advisors LLC lifted its position in shares of Eaton Vance Floating-Rate Income Trust by 18.0% during the third quarter. MeadowBrook Investment Advisors LLC now owns 5,250 shares of the investment management company’s stock worth $68,000 after purchasing an additional 800 shares in the last quarter. Horizon Kinetics Asset Management LLC bought a new stake in shares of Eaton Vance Floating-Rate Income Trust during the third quarter valued at approximately $155,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Eaton Vance Floating-Rate Income Trust in the third quarter valued at approximately $178,000.

About Eaton Vance Floating-Rate Income Trust

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.