Bank of America Corp DE Cuts Stock Position in Eaton Vance Floating-Rate Income Trust (NYSE:EFT)

Bank of America Corp DE lessened its stake in shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFT) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,334,088 shares of the investment management company’s stock after selling 15,463 shares during the period. Bank of America Corp DE’s holdings in Eaton Vance Floating-Rate Income Trust were worth $17,116,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in EFT. Union Bancaire Privee UBP SA bought a new position in shares of Eaton Vance Floating-Rate Income Trust during the fourth quarter valued at $108,000. StoneX Group Inc. purchased a new stake in Eaton Vance Floating-Rate Income Trust during the 4th quarter valued at about $187,000. HBK Sorce Advisory LLC increased its stake in Eaton Vance Floating-Rate Income Trust by 8.0% during the 4th quarter. HBK Sorce Advisory LLC now owns 31,450 shares of the investment management company’s stock valued at $404,000 after purchasing an additional 2,341 shares in the last quarter. Joel Isaacson & Co. LLC purchased a new position in Eaton Vance Floating-Rate Income Trust in the fourth quarter worth about $528,000. Finally, Virtus ETF Advisers LLC raised its holdings in Eaton Vance Floating-Rate Income Trust by 10.1% in the fourth quarter. Virtus ETF Advisers LLC now owns 55,087 shares of the investment management company’s stock worth $707,000 after buying an additional 5,064 shares during the last quarter.

Eaton Vance Floating-Rate Income Trust Trading Up 0.3%

Shares of NYSE EFT opened at $12.23 on Wednesday. The firm’s 50 day moving average price is $12.08 and its 200-day moving average price is $12.85. Eaton Vance Floating-Rate Income Trust has a 52-week low of $10.44 and a 52-week high of $13.88.

Eaton Vance Floating-Rate Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.094 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.13 annualized dividend and a yield of 9.22%.

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.