MeadowBrook Investment Advisors LLC Sells 1,800 Shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFT)

MeadowBrook Investment Advisors LLC lessened its stake in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) by 34.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,450 shares of the investment management company’s stock after selling 1,800 shares during the quarter. MeadowBrook Investment Advisors LLC’s holdings in Eaton Vance Floating-Rate Income Trust were worth $44,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in EFT. Advisors Asset Management Inc. boosted its holdings in shares of Eaton Vance Floating-Rate Income Trust by 15.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 420,836 shares of the investment management company’s stock valued at $5,420,000 after buying an additional 57,478 shares during the last quarter. Shaker Financial Services LLC acquired a new stake in Eaton Vance Floating-Rate Income Trust during the 3rd quarter valued at $705,000. Joel Isaacson & Co. LLC acquired a new stake in Eaton Vance Floating-Rate Income Trust during the 4th quarter valued at $528,000. Raymond James & Associates lifted its holdings in shares of Eaton Vance Floating-Rate Income Trust by 8.2% during the third quarter. Raymond James & Associates now owns 471,856 shares of the investment management company’s stock worth $6,078,000 after buying an additional 35,926 shares in the last quarter. Finally, Benjamin Edwards Inc. acquired a new stake in shares of Eaton Vance Floating-Rate Income Trust during the third quarter worth $367,000.

Eaton Vance Floating-Rate Income Trust Price Performance

EFT opened at $13.25 on Wednesday. Eaton Vance Floating-Rate Income Trust has a fifty-two week low of $12.62 and a fifty-two week high of $13.88. The stock has a fifty day moving average of $13.30 and a 200-day moving average of $13.17.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.094 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 8.52%. The ex-dividend date is Friday, February 14th.

Eaton Vance Floating-Rate Income Trust 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.