Raymond James Financial Inc. Makes New Investment in Eaton Vance Floating-Rate Income Trust (NYSE:EFT)

Raymond James Financial Inc. bought a new position in shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFT) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 649,105 shares of the investment management company’s stock, valued at approximately $8,328,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Walleye Capital LLC bought a new position in Eaton Vance Floating-Rate Income Trust during the third quarter worth about $276,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Eaton Vance Floating-Rate Income Trust in the third quarter worth about $178,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Eaton Vance Floating-Rate Income Trust in the fourth quarter worth about $108,000. Benjamin Edwards Inc. purchased a new stake in shares of Eaton Vance Floating-Rate Income Trust in the third quarter worth about $367,000. Finally, Morse Asset Management Inc purchased a new stake in shares of Eaton Vance Floating-Rate Income Trust in the third quarter worth about $341,000.

Eaton Vance Floating-Rate Income Trust Price Performance

Shares of Eaton Vance Floating-Rate Income Trust stock opened at $12.52 on Friday. The company’s 50-day moving average price is $13.15 and its 200-day moving average price is $13.15. Eaton Vance Floating-Rate Income Trust has a 12-month low of $12.48 and a 12-month high of $13.88.

Eaton Vance Floating-Rate Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.094 per share. This represents a $1.13 annualized dividend and a yield of 9.01%. The ex-dividend date of this dividend is Friday, March 14th.

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.