Eaton Vance Floating-Rate Income Trust $EFT Shares Sold by Readystate Asset Management LP

Readystate Asset Management LP trimmed its position in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) by 69.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,630 shares of the investment management company’s stock after selling 81,006 shares during the quarter. Readystate Asset Management LP’s holdings in Eaton Vance Floating-Rate Income Trust were worth $382,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in EFT. Icon Advisers Inc. Co. lifted its stake in Eaton Vance Floating-Rate Income Trust by 13.3% during the first quarter. Icon Advisers Inc. Co. now owns 170,280 shares of the investment management company’s stock worth $1,827,000 after purchasing an additional 19,943 shares during the last quarter. Fifth Third Bancorp acquired a new position in Eaton Vance Floating-Rate Income Trust in the first quarter worth $124,000. Kestra Advisory Services LLC bought a new stake in Eaton Vance Floating-Rate Income Trust during the first quarter valued at $145,000. Virtu Financial LLC bought a new stake in Eaton Vance Floating-Rate Income Trust during the fourth quarter valued at $206,000. Finally, Invesco Ltd. raised its holdings in shares of Eaton Vance Floating-Rate Income Trust by 1.9% during the fourth quarter. Invesco Ltd. now owns 538,738 shares of the investment management company’s stock worth $6,082,000 after purchasing an additional 9,964 shares during the period.

Eaton Vance Floating-Rate Income Trust Stock Down 0.2%

NYSE EFT opened at $10.65 on Thursday. Eaton Vance Floating-Rate Income Trust has a one year low of $10.34 and a one year high of $12.46. The company has a 50-day simple moving average of $10.75 and a 200-day simple moving average of $10.92.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be paid a dividend of $0.066 per share. The ex-dividend date is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 7.4%.

About Eaton Vance Floating-Rate Income Trust

Eaton Vance Floating-Rate Income Trust (NYSE: EFT) is a diversified, closed-end management investment company that seeks to provide current income with capital preservation. Originally launched in June 1988, the trust is listed on the New York Stock Exchange and offers investors access to a portfolio of floating-rate debt instruments. As a closed-end vehicle, it issues a fixed number of shares and may employ leverage to enhance income potential.

The trust’s primary investment strategy centers on senior secured floating-rate loans, often referred to as bank loans, issued by U.S.