CoreCap Advisors LLC Sells 6,514 Shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFT)

CoreCap Advisors LLC trimmed its position in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) by 50.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,400 shares of the investment management company’s stock after selling 6,514 shares during the quarter. CoreCap Advisors LLC’s holdings in Eaton Vance Floating-Rate Income Trust were worth $82,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in EFT. Union Bancaire Privee UBP SA bought a new position in Eaton Vance Floating-Rate Income Trust in the fourth quarter valued at approximately $108,000. Joel Isaacson & Co. LLC bought a new stake in shares of Eaton Vance Floating-Rate Income Trust during the fourth quarter worth $528,000. Raymond James Financial Inc. bought a new stake in shares of Eaton Vance Floating-Rate Income Trust during the fourth quarter worth $8,328,000. HBK Sorce Advisory LLC grew its stake in shares of Eaton Vance Floating-Rate Income Trust by 8.0% during the fourth quarter. HBK Sorce Advisory LLC now owns 31,450 shares of the investment management company’s stock worth $404,000 after buying an additional 2,341 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of Eaton Vance Floating-Rate Income Trust by 18.1% during the fourth quarter. Advisors Asset Management Inc. now owns 496,886 shares of the investment management company’s stock worth $6,375,000 after buying an additional 76,050 shares during the last quarter.

Eaton Vance Floating-Rate Income Trust Stock Up 0.4%

NYSE EFT opened at $12.24 on Wednesday. The firm’s fifty day moving average price is $12.15 and its two-hundred day moving average price is $12.88. Eaton Vance Floating-Rate Income Trust has a fifty-two week low of $10.44 and a fifty-two week high of $13.88.

Eaton Vance Floating-Rate Income Trust Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 9.22%.

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.