Walleye Capital LLC Makes New Investment in Eaton Vance Floating-Rate Income Trust (NYSE:EFT)

Walleye Capital LLC purchased a new stake in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,407 shares of the investment management company’s stock, valued at approximately $276,000.

Other hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. purchased a new position in Eaton Vance Floating-Rate Income Trust in the second quarter worth approximately $40,000. NBC Securities Inc. grew its holdings in shares of Eaton Vance Floating-Rate Income Trust by 106.8% during the third quarter. NBC Securities Inc. now owns 4,550 shares of the investment management company’s stock worth $58,000 after buying an additional 2,350 shares during the last quarter. MeadowBrook Investment Advisors LLC grew its holdings 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 buying an additional 800 shares during the last quarter. Comerica Bank lifted its position 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 purchasing an additional 3,330 shares during the period. Finally, Horizon Kinetics Asset Management LLC acquired a new stake in Eaton Vance Floating-Rate Income Trust in the third quarter valued at about $155,000.

Eaton Vance Floating-Rate Income Trust Trading Down 0.4 %

EFT stock opened at $13.44 on Wednesday. The firm has a 50 day moving average of $13.18 and a 200-day moving average of $13.22. Eaton Vance Floating-Rate Income Trust has a 12-month low of $12.30 and a 12-month high of $13.88.

Eaton Vance Floating-Rate Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be given a dividend of $0.103 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.24 annualized dividend and a dividend yield of 9.20%.

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.