MeadowBrook Investment Advisors LLC Sells 1,800 Shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFT)

MeadowBrook Investment Advisors LLC decreased its position in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) by 34.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,450 shares of the investment management company’s stock after selling 1,800 shares during the quarter. MeadowBrook Investment Advisors LLC’s holdings in Eaton Vance Floating-Rate Income Trust were worth $44,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. NBC Securities Inc. lifted its position 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 valued at $58,000 after purchasing an additional 2,350 shares during the period. Raymond James & Associates raised its position in shares of Eaton Vance Floating-Rate Income Trust by 8.2% in the 3rd quarter. Raymond James & Associates now owns 471,856 shares of the investment management company’s stock valued at $6,078,000 after acquiring an additional 35,926 shares during the period. Private Advisor Group LLC raised its position in shares of Eaton Vance Floating-Rate Income Trust by 17.1% in the 3rd quarter. Private Advisor Group LLC now owns 20,528 shares of the investment management company’s stock valued at $264,000 after acquiring an additional 3,000 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Eaton Vance Floating-Rate Income Trust in the 3rd quarter valued at approximately $322,000. Finally, Hennion & Walsh Asset Management Inc. raised its position in shares of Eaton Vance Floating-Rate Income Trust by 3.6% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 125,374 shares of the investment management company’s stock valued at $1,615,000 after acquiring an additional 4,302 shares during the period.

Eaton Vance Floating-Rate Income Trust Trading Up 0.1 %

Shares of NYSE:EFT opened at $13.25 on Wednesday. The firm’s 50 day simple moving average is $13.30 and its 200 day simple moving average is $13.17. Eaton Vance Floating-Rate Income Trust has a fifty-two week low of $12.62 and a fifty-two week high of $13.88.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.094 per share. The ex-dividend date is Friday, February 14th. This represents a $1.13 dividend on an annualized basis and a yield of 8.52%.

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.