WT Wealth Management Has $296,000 Position in Eaton Vance Floating-Rate Income Trust (NYSE:EFT)

WT Wealth Management lowered its holdings in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) by 8.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,735 shares of the investment management company’s stock after selling 2,073 shares during the quarter. WT Wealth Management’s holdings in Eaton Vance Floating-Rate Income Trust were worth $296,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EFT. Commonwealth Equity Services LLC lifted its stake in Eaton Vance Floating-Rate Income Trust by 297.9% during the second quarter. Commonwealth Equity Services LLC now owns 51,132 shares of the investment management company’s stock worth $686,000 after purchasing an additional 38,282 shares during the period. Raymond James & Associates increased its holdings in shares of 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 worth $6,078,000 after buying an additional 35,926 shares in the last quarter. Choreo LLC acquired a new stake in shares of Eaton Vance Floating-Rate Income Trust during the second quarter worth approximately $411,000. Advisors Asset Management Inc. increased its holdings in shares of Eaton Vance Floating-Rate Income Trust by 5.8% during the first quarter. Advisors Asset Management Inc. now owns 406,148 shares of the investment management company’s stock worth $5,406,000 after buying an additional 22,430 shares in the last quarter. Finally, GraniteShares Advisors LLC increased its holdings in shares of Eaton Vance Floating-Rate Income Trust by 14.3% during the second quarter. GraniteShares Advisors LLC now owns 153,328 shares of the investment management company’s stock worth $2,058,000 after buying an additional 19,125 shares in the last quarter.

Eaton Vance Floating-Rate Income Trust Stock Performance

Shares of NYSE EFT traded up $0.04 during mid-day trading on Tuesday, hitting $13.14. 76,340 shares of the stock were exchanged, compared to its average volume of 91,150. The stock’s fifty day simple moving average is $12.99 and its two-hundred day simple moving average is $13.26. Eaton Vance Floating-Rate Income Trust has a twelve month low of $11.46 and a twelve month high of $13.88.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 23rd will be issued a dividend of $0.109 per share. This represents a $1.31 annualized dividend and a dividend yield of 9.95%. The ex-dividend date is Wednesday, October 23rd.

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.