WT Wealth Management Sells 8,774 Shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFT)

WT Wealth Management cut its stake in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) by 38.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,961 shares of the investment management company’s stock after selling 8,774 shares during the period. WT Wealth Management’s holdings in Eaton Vance Floating-Rate Income Trust were worth $179,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in EFT. MeadowBrook Investment Advisors LLC grew its holdings in shares of Eaton Vance Floating-Rate Income Trust by 18.0% in the third quarter. MeadowBrook Investment Advisors LLC now owns 5,250 shares of the investment management company’s stock worth $68,000 after purchasing an additional 800 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of Eaton Vance Floating-Rate Income Trust in the fourth quarter worth about $108,000. Horizon Kinetics Asset Management LLC bought a new position in shares of Eaton Vance Floating-Rate Income Trust in the third quarter worth about $155,000. Landscape Capital Management L.L.C. bought a new position in shares of Eaton Vance Floating-Rate Income Trust in the third quarter worth about $178,000. Finally, Bard Associates Inc. bought a new position in shares of Eaton Vance Floating-Rate Income Trust in the third quarter worth about $196,000.

Eaton Vance Floating-Rate Income Trust Stock Performance

NYSE EFT opened at $13.23 on Thursday. Eaton Vance Floating-Rate Income Trust has a 12 month low of $12.62 and a 12 month high of $13.88. The company’s 50-day moving average price is $13.25 and its 200-day moving average price is $13.17.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.094 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 8.53%. The ex-dividend date is Friday, February 14th.

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.