Eaton Vance FloatingRate Incme Plus Fund (NYSE:EFF) Shares Down 0.2%

Eaton Vance FloatingRate Incme Plus Fund (NYSE:EFF) shares fell 0.2% during mid-day trading on Wednesday . The company traded as low as $16.04 and last traded at $16.04, 300 shares traded hands during mid-day trading. A decline of 98% from the average session volume of 13,478 shares. The stock had previously closed at $16.07.

The stock has a fifty day moving average of $15.82 and a 200-day moving average of $15.42.

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be issued a $0.085 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 6.34%. The ex-dividend date of this dividend is Thursday, January 23rd.

In related news, major shareholder Saba Capital Management, L.P. purchased 120,602 shares of the business’s stock in a transaction dated Monday, October 21st. The stock was acquired at an average price of $15.69 per share, for a total transaction of $1,892,245.38. Also, major shareholder Boaz Weinstein purchased 114,614 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The shares were bought at an average price of $15.66 per share, with a total value of $1,794,855.24.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Saba Capital Management L.P. boosted its stake in shares of Eaton Vance FloatingRate Incme Plus Fund by 85.1% during the third quarter. Saba Capital Management L.P. now owns 1,336,866 shares of the company’s stock valued at $20,334,000 after acquiring an additional 614,797 shares during the last quarter. Rivernorth Capital Management LLC boosted its stake in shares of Eaton Vance FloatingRate Incme Plus Fund by 524.7% during the third quarter. Rivernorth Capital Management LLC now owns 578,820 shares of the company’s stock valued at $8,804,000 after acquiring an additional 486,171 shares during the last quarter. Marble Harbor Investment Counsel LLC boosted its stake in shares of Eaton Vance FloatingRate Incme Plus Fund by 5.1% during the third quarter. Marble Harbor Investment Counsel LLC now owns 134,382 shares of the company’s stock valued at $2,044,000 after acquiring an additional 6,505 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Eaton Vance FloatingRate Incme Plus Fund by 20.0% during the third quarter. Commonwealth Equity Services LLC now owns 17,448 shares of the company’s stock valued at $265,000 after acquiring an additional 2,903 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of Eaton Vance FloatingRate Incme Plus Fund during the third quarter valued at $38,000.

Eaton Vance FloatingRate Incme Plus Fund Company Profile (NYSE:EFF)

Eaton Vance Floating-Rate Income Plus Fund is a close ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in fixed income markets across the globe. The fund primarily invests in senior, secured floating-rate loans of domestic and foreign borrowers that are denominated in U.S.

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