Horizon Kinetics Asset Management LLC Buys New Stake in Eaton Vance Floating-Rate Income Trust (NYSE:EFT)

Horizon Kinetics Asset Management LLC bought a new stake in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) during the third quarter, Holdings Channel reports. The firm bought 12,000 shares of the investment management company’s stock, valued at approximately $155,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of EFT. Northwestern Mutual Wealth Management Co. acquired a new position in Eaton Vance Floating-Rate Income Trust in the 2nd quarter valued at $40,000. NBC Securities Inc. boosted its holdings in Eaton Vance Floating-Rate Income Trust by 106.8% in the 3rd quarter. NBC Securities Inc. now owns 4,550 shares of the investment management company’s stock valued at $58,000 after purchasing an additional 2,350 shares during the period. MeadowBrook Investment Advisors LLC boosted its holdings in Eaton Vance Floating-Rate Income Trust by 18.0% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 5,250 shares of the investment management company’s stock valued at $68,000 after purchasing an additional 800 shares during the period. Comerica Bank boosted its holdings in Eaton Vance Floating-Rate Income Trust by 87.4% in the 1st quarter. Comerica Bank now owns 7,139 shares of the investment management company’s stock valued at $95,000 after purchasing an additional 3,330 shares during the period. Finally, Landscape Capital Management L.L.C. bought a new stake in Eaton Vance Floating-Rate Income Trust in the 3rd quarter valued at $178,000.

Eaton Vance Floating-Rate Income Trust Price Performance

Shares of Eaton Vance Floating-Rate Income Trust stock opened at $13.33 on Wednesday. Eaton Vance Floating-Rate Income Trust has a fifty-two week low of $12.10 and a fifty-two week high of $13.88. The firm has a fifty day moving average price of $13.05 and a two-hundred day moving average price of $13.23.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be issued a $0.103 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 9.27%. The ex-dividend date is Thursday, November 21st.

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.