Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Eaton Vance Floating-Rate Income Trust (NYSE:EFT)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.23 and traded as high as $13.43. Eaton Vance Floating-Rate Income Trust shares last traded at $13.35, with a volume of 74,237 shares trading hands.

Eaton Vance Floating-Rate Income Trust Stock Down 0.1 %

The company has a 50-day simple moving average of $13.26 and a 200 day simple moving average of $13.23.

Eaton Vance Floating-Rate Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be paid a $0.103 dividend. This represents a $1.24 annualized dividend and a dividend yield of 9.26%. The ex-dividend date of this dividend is Monday, December 23rd.

Institutional Investors Weigh In On Eaton Vance Floating-Rate Income Trust

Institutional investors have recently bought and sold shares of the business. Garner Asset Management Corp boosted its holdings in Eaton Vance Floating-Rate Income Trust by 4.6% during the second quarter. Garner Asset Management Corp now owns 70,585 shares of the investment management company’s stock valued at $947,000 after purchasing an additional 3,105 shares in the last quarter. Walleye Capital LLC acquired a new position in shares of Eaton Vance Floating-Rate Income Trust in the 3rd quarter worth approximately $276,000. GraniteShares Advisors LLC lifted its position in shares of Eaton Vance Floating-Rate Income Trust by 14.3% during the 2nd quarter. GraniteShares Advisors LLC now owns 153,328 shares of the investment management company’s stock worth $2,058,000 after buying an additional 19,125 shares during the period. International Assets Investment Management LLC acquired a new stake in Eaton Vance Floating-Rate Income Trust in the 3rd quarter valued at $322,000. Finally, NBC Securities Inc. boosted its stake in Eaton Vance Floating-Rate Income Trust by 106.8% in the 3rd 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 in 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.