Pinnacle Financial Partners Inc. Purchases New Stake in Eaton Vance Floating-Rate Income Trust (EFT)

Pinnacle Financial Partners Inc. purchased a new stake in shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFT) during the 1st quarter, HoldingsChannel.com reports. The fund purchased 3,800 shares of the investment management company’s stock, valued at approximately $50,000.

Other hedge funds have also recently modified their holdings of the company. Bogart Wealth LLC increased its position in shares of Eaton Vance Floating-Rate Income Trust by 91.4% during the 1st quarter. Bogart Wealth LLC now owns 3,079 shares of the investment management company’s stock valued at $40,000 after purchasing an additional 1,470 shares during the period. Robinson Capital Management LLC acquired a new position in shares of Eaton Vance Floating-Rate Income Trust during the 4th quarter valued at $97,000. Two Sigma Securities LLC acquired a new position in shares of Eaton Vance Floating-Rate Income Trust during the 4th quarter valued at $134,000. Dynamic Advisor Solutions LLC increased its position in shares of Eaton Vance Floating-Rate Income Trust by 30.2% during the 4th 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 period. Finally, Raymond James & Associates increased its position in shares of Eaton Vance Floating-Rate Income Trust by 7.5% during the 4th 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 period.

Shares of EFT stock opened at $13.57 on Friday. Eaton Vance Floating-Rate Income Trust has a 1 year low of $12.29 and a 1 year high of $15.08.

The business also recently announced a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 24th will be issued a $0.076 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 6.72%. The ex-dividend date of this dividend is Thursday, May 23rd.

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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.

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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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