Shaker Financial Services LLC purchased a new stake in shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFT) in the first quarter, HoldingsChannel.com reports. The institutional investor purchased 20,310 shares of the investment management company’s stock, valued at approximately $268,000.

Several other institutional investors and hedge funds have also modified their holdings of EFT. Bogart Wealth LLC lifted its position in Eaton Vance Floating-Rate Income Trust by 91.4% in the 1st quarter. Bogart Wealth LLC now owns 3,079 shares of the investment management company’s stock worth $40,000 after buying an additional 1,470 shares during the last quarter. Pinnacle Financial Partners Inc. bought a new stake in Eaton Vance Floating-Rate Income Trust in the first quarter valued at approximately $50,000. Two Sigma Securities LLC bought a new stake in Eaton Vance Floating-Rate Income Trust in the fourth quarter valued at approximately $134,000. Dynamic Advisor Solutions LLC lifted its position in Eaton Vance Floating-Rate Income Trust by 30.2% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 13,800 shares of the investment management company’s stock valued at $182,000 after purchasing an additional 3,200 shares during the last quarter. Finally, Raymond James & Associates lifted its position in Eaton Vance Floating-Rate Income Trust by 7.5% in the fourth quarter. Raymond James & Associates now owns 14,495 shares of the investment management company’s stock valued at $184,000 after purchasing an additional 1,013 shares during the last quarter.

EFT stock traded up $0.03 during midday trading on Thursday, hitting $13.66. The company had a trading volume of 100 shares, compared to its average volume of 135,994. Eaton Vance Floating-Rate Income Trust has a 52 week low of $12.29 and a 52 week high of $15.03.

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 24th will be given a $0.076 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $0.91 annualized dividend and a yield of 6.68%.

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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.

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Want to see what other hedge funds are holding EFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eaton Vance Floating-Rate Income Trust (NYSE:EFT).

Institutional Ownership by Quarter for Eaton Vance Floating-Rate Income Trust (NYSE:EFT)

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