IFP Advisors Inc Reduces Stake in Eaton Vance Floating-Rate Income Trust (EFT)

IFP Advisors Inc decreased its position in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) by 7.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 39,769 shares of the investment management company’s stock after selling 3,111 shares during the period. IFP Advisors Inc’s holdings in Eaton Vance Floating-Rate Income Trust were worth $602,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P increased its position in Eaton Vance Floating-Rate Income Trust by 36.1% in the first quarter. Loomis Sayles & Co. L P now owns 548,545 shares of the investment management company’s stock worth $8,305,000 after buying an additional 145,610 shares in the last quarter. Advisors Asset Management Inc. increased its position in Eaton Vance Floating-Rate Income Trust by 50.6% in the first quarter. Advisors Asset Management Inc. now owns 319,577 shares of the investment management company’s stock worth $4,838,000 after buying an additional 107,313 shares in the last quarter. Bank of America Corp DE increased its position in Eaton Vance Floating-Rate Income Trust by 4.9% in the first quarter. Bank of America Corp DE now owns 1,604,169 shares of the investment management company’s stock worth $24,287,000 after buying an additional 75,169 shares in the last quarter. Private Advisor Group LLC increased its position in Eaton Vance Floating-Rate Income Trust by 24.8% in the first quarter. Private Advisor Group LLC now owns 115,002 shares of the investment management company’s stock worth $1,736,000 after buying an additional 22,870 shares in the last quarter. Finally, Comerica Securities Inc. increased its position in Eaton Vance Floating-Rate Income Trust by 18.6% in the first quarter. Comerica Securities Inc. now owns 128,341 shares of the investment management company’s stock worth $1,943,000 after buying an additional 20,106 shares in the last quarter.

Eaton Vance Floating-Rate Income Trust (EFT) opened at 14.98 on Friday. The company’s 50-day moving average price is $15.13 and its 200-day moving average price is $15.16. Eaton Vance Floating-Rate Income Trust has a 1-year low of $13.96 and a 1-year high of $15.45.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 24th will be paid a dividend of $0.069 per share. This represents a $0.83 annualized dividend and a yield of 5.53%. The ex-dividend date of this dividend is Tuesday, August 22nd.

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About Eaton Vance Floating-Rate Income Trust

Eaton Vance Floating-Rate Income Trust (the Trust) is a diversified, closed-end management investment company. The Trust’s investment objective is to provide a high level of current income. The Trust will, as a secondary objective, also seek preservation of capital to the extent consistent with its primary goal of high current income.

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Institutional Ownership by Quarter for Eaton Vance Floating-Rate Income Trust (NYSE:EFT)

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