Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFT) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.23 and traded as high as $13.43. Eaton Vance Floating-Rate Income Trust shares last traded at $13.35, with a volume of 74,237 shares.

Eaton Vance Floating-Rate Income Trust Stock Down 0.1 %

The company’s fifty day simple moving average is $13.26 and its two-hundred day simple moving average is $13.23.

Eaton Vance Floating-Rate Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be issued a dividend of $0.103 per share. This represents a $1.24 annualized dividend and a dividend yield of 9.26%. The ex-dividend date is Monday, December 23rd.

Institutional Trading of Eaton Vance Floating-Rate Income Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. bought a new position in shares of Eaton Vance Floating-Rate Income Trust in the 2nd quarter worth about $40,000. NBC Securities Inc. raised its stake in Eaton Vance Floating-Rate Income Trust by 106.8% during the 3rd 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 during the period. MeadowBrook Investment Advisors LLC grew its stake in Eaton Vance Floating-Rate Income Trust by 18.0% in the third quarter. MeadowBrook Investment Advisors LLC now owns 5,250 shares of the investment management company’s stock valued at $68,000 after acquiring an additional 800 shares during the period. Horizon Kinetics Asset Management LLC bought a new position in shares of Eaton Vance Floating-Rate Income Trust in the 3rd quarter worth $155,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in Eaton Vance Floating-Rate Income Trust in the 3rd quarter valued at $178,000.

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.