MeadowBrook Investment Advisors LLC Acquires 800 Shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFT)

MeadowBrook Investment Advisors LLC grew its stake in shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFT) by 18.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,250 shares of the investment management company’s stock after buying an additional 800 shares during the period. MeadowBrook Investment Advisors LLC’s holdings in Eaton Vance Floating-Rate Income Trust were worth $68,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. bought a new position in shares of Eaton Vance Floating-Rate Income Trust during the 2nd quarter valued at about $40,000. NBC Securities Inc. lifted its position in shares of Eaton Vance Floating-Rate Income Trust by 106.8% in the third quarter. NBC Securities Inc. now owns 4,550 shares of the investment management company’s stock worth $58,000 after buying an additional 2,350 shares in the last quarter. Comerica Bank grew its holdings in Eaton Vance Floating-Rate Income Trust by 87.4% during the 1st quarter. Comerica Bank now owns 7,139 shares of the investment management company’s stock valued at $95,000 after buying an additional 3,330 shares in the last quarter. Private Advisor Group LLC increased its stake in Eaton Vance Floating-Rate Income Trust by 17.1% in the 3rd quarter. Private Advisor Group LLC now owns 20,528 shares of the investment management company’s stock worth $264,000 after acquiring an additional 3,000 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Eaton Vance Floating-Rate Income Trust during the 3rd quarter worth approximately $322,000.

Eaton Vance Floating-Rate Income Trust Trading Up 0.3 %

Shares of EFT stock traded up $0.04 on Thursday, reaching $13.24. The company’s stock had a trading volume of 19,550 shares, compared to its average volume of 90,232. The stock’s fifty day simple moving average is $13.01 and its 200-day simple moving average is $13.23. Eaton Vance Floating-Rate Income Trust has a 1 year low of $12.02 and a 1 year high of $13.88.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.103 per share. This represents a $1.24 annualized dividend and a dividend yield of 9.34%. The ex-dividend date is Thursday, November 21st.

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.