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

Shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFT) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $13.17 and traded as high as $13.25. Eaton Vance Floating-Rate Income Trust shares last traded at $13.19, with a volume of 160,933 shares.

Eaton Vance Floating-Rate Income Trust Trading Up 0.4 %

The stock’s 50-day simple moving average is $13.25 and its 200 day simple moving average is $13.17.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.094 per share. This represents a $1.13 annualized dividend and a dividend yield of 8.55%. The ex-dividend date of this dividend is Friday, February 14th.

Institutional Trading of Eaton Vance Floating-Rate Income Trust

Several institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in Eaton Vance Floating-Rate Income Trust during the 4th quarter worth $8,328,000. Guggenheim Capital LLC increased its position in Eaton Vance Floating-Rate Income Trust by 8.1% during the fourth quarter. Guggenheim Capital LLC now owns 604,100 shares of the investment management company’s stock worth $7,751,000 after acquiring an additional 45,394 shares during the period. Advisors Asset Management Inc. raised its stake in Eaton Vance Floating-Rate Income Trust by 18.1% in the 4th quarter. Advisors Asset Management Inc. now owns 496,886 shares of the investment management company’s stock worth $6,375,000 after purchasing an additional 76,050 shares in the last quarter. Raymond James & Associates boosted its holdings in Eaton Vance Floating-Rate Income Trust by 8.2% in the 3rd quarter. Raymond James & Associates now owns 471,856 shares of the investment management company’s stock valued at $6,078,000 after purchasing an additional 35,926 shares during the period. Finally, LPL Financial LLC grew its position in shares of Eaton Vance Floating-Rate Income Trust by 3.5% during the 4th quarter. LPL Financial LLC now owns 165,572 shares of the investment management company’s stock worth $2,124,000 after purchasing an additional 5,631 shares in the last quarter.

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.