WT Wealth Management Trims Position in Eaton Vance Floating-Rate Income Trust (NYSE:EFT)

WT Wealth Management cut its holdings in shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFT) by 38.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,961 shares of the investment management company’s stock after selling 8,774 shares during the quarter. WT Wealth Management’s holdings in Eaton Vance Floating-Rate Income Trust were worth $179,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Raymond James & Associates increased its holdings in shares of Eaton Vance Floating-Rate Income Trust by 8.2% during 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 in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Eaton Vance Floating-Rate Income Trust by 15.8% during 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 purchasing an additional 57,478 shares in the last quarter. Shaker Financial Services LLC purchased a new position in shares of Eaton Vance Floating-Rate Income Trust during the 3rd quarter valued at approximately $705,000. Joel Isaacson & Co. LLC purchased a new position in shares of Eaton Vance Floating-Rate Income Trust during the 4th quarter valued at approximately $528,000. Finally, Benjamin Edwards Inc. purchased a new position in shares of Eaton Vance Floating-Rate Income Trust during the 3rd quarter valued at approximately $367,000.

Eaton Vance Floating-Rate Income Trust Price Performance

Shares of NYSE EFT opened at $13.23 on Thursday. The firm has a fifty day moving average of $13.25 and a 200 day moving average of $13.17. Eaton Vance Floating-Rate Income Trust has a one year low of $12.62 and a one year high of $13.88.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.094 dividend. This represents a $1.13 annualized dividend and a yield of 8.53%. The ex-dividend date of this dividend is Friday, February 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.