Trading Report: The Concert Wealth Management Inc. Increases Position in Eaton Vance Floating-Rate Income Trust (EFT)

The Concert Wealth Management Inc. Increases Position in Eaton Vance Floating-Rate Income Trust (EFT)

Concert Wealth Management Inc. increased its position in shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFT) by 4.0% during the second quarter, Holdings Channel reports. The fund owned 12,131 shares of the investment management company’s stock after buying an additional 470 shares during the period. Concert Wealth Management Inc.’s holdings in Eaton Vance Floating-Rate Income Trust were worth $162,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EFT. Bain Capital Credit LP increased its position in shares of Eaton Vance Floating-Rate Income Trust by 1.9% in the first quarter. Bain Capital Credit LP now owns 332,144 shares of the investment management company’s stock worth $4,371,000 after buying an additional 6,038 shares during the last quarter. UBS Group AG increased its position in shares of Eaton Vance Floating-Rate Income Trust by 63.0% in the first quarter. UBS Group AG now owns 255,397 shares of the investment management company’s stock worth $3,361,000 after buying an additional 98,751 shares during the last quarter. Charter Trust Co. bought a new position in shares of Eaton Vance Floating-Rate Income Trust during the second quarter worth approximately $199,000. JPMorgan Chase & Co. increased its position in shares of Eaton Vance Floating-Rate Income Trust by 13.3% in the first quarter. JPMorgan Chase & Co. now owns 1,371,687 shares of the investment management company’s stock worth $18,051,000 after buying an additional 161,070 shares during the last quarter. Finally, HL Financial Services LLC increased its position in shares of Eaton Vance Floating-Rate Income Trust by 5.8% in the second quarter. HL Financial Services LLC now owns 50,101 shares of the investment management company’s stock worth $673,000 after buying an additional 2,765 shares during the last quarter.

Shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFT) traded down 0.91% on Monday, reaching $14.10. 116,149 shares of the company were exchanged. The stock has a 50 day moving average price of $14.16 and a 200-day moving average price of $13.67. Eaton Vance Floating-Rate Income Trust has a 12 month low of $11.56 and a 12 month high of $14.32.

The firm also recently announced a monthly dividend, which will be paid on Monday, October 31st. Stockholders of record on Monday, October 24th will be paid a $0.076 dividend. This represents a $0.91 annualized dividend and a dividend yield of 6.46%. The ex-dividend date of this dividend is Thursday, October 20th.

Eaton Vance Floating-Rate Income Trust Company Profile

Eaton Vance Floating-Rate Income Trust (the Trust) is a diversified, closed-end management investment company. The Trust’s investment objective is to provide a high level of current income. The Trust will, as a secondary objective, also seek preservation of capital to the extent consistent with its primary goal of high current income.

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