Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.19 and traded as high as $13.23. Eaton Vance Floating-Rate Income Trust shares last traded at $13.16, with a volume of 63,719 shares trading hands.

Eaton Vance Floating-Rate Income Trust Stock Performance

The business has a 50-day moving average of $13.28 and a two-hundred day moving average of $13.19.

Eaton Vance Floating-Rate Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were issued a dividend of $0.103 per share. This represents a $1.24 annualized dividend and a dividend yield of 9.38%. The ex-dividend date of this dividend was Monday, December 30th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EFT. Walleye Capital LLC bought a new stake in Eaton Vance Floating-Rate Income Trust in the 3rd quarter valued at $276,000. Commonwealth Equity Services LLC boosted its position in shares of Eaton Vance Floating-Rate Income Trust by 297.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 51,132 shares of the investment management company’s stock valued at $686,000 after acquiring an additional 38,282 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Eaton Vance Floating-Rate Income Trust in the third quarter valued at about $322,000. NBC Securities Inc. raised its position in 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 purchasing an additional 2,350 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Eaton Vance Floating-Rate Income Trust during the second quarter worth about $40,000.

About Eaton Vance Floating-Rate Income Trust

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.