Trading Report: The Rock Point Advisors LLC Acquires 20,510 Shares of Eaton Vance Floating-Rate Income Trust (EFT)

The Rock Point Advisors LLC Acquires 20,510 Shares of Eaton Vance Floating-Rate Income Trust (EFT)

Rock Point Advisors LLC boosted its stake in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) by 8.0% during the second quarter, Holdings Channel reports. The firm owned 276,299 shares of the investment management company’s stock after buying an additional 20,510 shares during the period. Eaton Vance Floating-Rate Income Trust comprises approximately 2.0% of Rock Point Advisors LLC’s portfolio, making the stock its 20th largest position. Rock Point Advisors LLC’s holdings in Eaton Vance Floating-Rate Income Trust were worth $3,711,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Clear Harbor Asset Management LLC boosted its position in Eaton Vance Floating-Rate Income Trust by 1.1% in the first quarter. Clear Harbor Asset Management LLC now owns 13,405 shares of the investment management company’s stock valued at $176,000 after buying an additional 145 shares during the period. Charter Trust Co. purchased a new position in Eaton Vance Floating-Rate Income Trust during the second quarter valued at approximately $199,000. HL Financial Services LLC boosted its position in 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 valued at $673,000 after buying an additional 2,765 shares during the period. UBS Group AG boosted its position in 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 valued at $3,361,000 after buying an additional 98,751 shares during the period. Finally, Bain Capital Credit LP boosted its position in 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 valued at $4,371,000 after buying an additional 6,038 shares during the period.

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) traded down 0.91% on Monday, reaching $14.10. 116,149 shares of the company’s stock traded hands. The firm’s 50-day moving average is $14.16 and its 200 day moving average is $13.67. Eaton Vance Floating-Rate Income Trust has a 52-week low of $11.56 and a 52-week high of $14.32.

The business also recently declared a monthly dividend, which will be paid on Monday, October 31st. Shareholders of record on Monday, October 24th will be issued a $0.076 dividend. This represents a $0.91 dividend on an annualized basis and a yield of 6.46%. The ex-dividend date is Thursday, October 20th.

About Eaton Vance Floating-Rate Income Trust

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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