Horizon Kinetics Asset Management LLC Buys New Shares in Eaton Vance Floating-Rate Income Trust (NYSE:EFT)

Horizon Kinetics Asset Management LLC bought a new stake in shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,000 shares of the investment management company’s stock, valued at approximately $155,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Raymond James & Associates lifted its stake in Eaton Vance Floating-Rate Income Trust by 8.2% during the third 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 during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Eaton Vance Floating-Rate Income Trust by 15.8% in 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 acquiring an additional 57,478 shares in the last quarter. GraniteShares Advisors LLC lifted its position in shares of Eaton Vance Floating-Rate Income Trust by 14.3% in the 2nd quarter. GraniteShares Advisors LLC now owns 153,328 shares of the investment management company’s stock valued at $2,058,000 after acquiring an additional 19,125 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Eaton Vance Floating-Rate Income Trust by 3.6% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 125,374 shares of the investment management company’s stock valued at $1,615,000 after acquiring an additional 4,302 shares in the last quarter. Finally, Garner Asset Management Corp lifted its position in shares of Eaton Vance Floating-Rate Income Trust by 4.6% in the 2nd quarter. Garner Asset Management Corp now owns 70,585 shares of the investment management company’s stock valued at $947,000 after acquiring an additional 3,105 shares in the last quarter.

Eaton Vance Floating-Rate Income Trust Stock Performance

Shares of NYSE:EFT opened at $13.33 on Wednesday. Eaton Vance Floating-Rate Income Trust has a 52 week low of $12.10 and a 52 week high of $13.88. The firm has a 50 day simple moving average of $13.05 and a 200 day simple moving average of $13.23.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be paid a $0.103 dividend. The ex-dividend date is Thursday, November 21st. This represents a $1.24 annualized dividend and a yield of 9.27%.

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.