1607 Capital Partners LLC Has $9.03 Million Stock Holdings in Eaton Vance Floating-Rate Income Trust $EFT

1607 Capital Partners LLC grew its holdings in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) by 994.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 799,921 shares of the investment management company’s stock after buying an additional 726,821 shares during the quarter. 1607 Capital Partners LLC’s holdings in Eaton Vance Floating-Rate Income Trust were worth $9,031,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Gould Capital LLC increased its stake in shares of Eaton Vance Floating-Rate Income Trust by 93.7% in the fourth quarter. Gould Capital LLC now owns 2,812 shares of the investment management company’s stock valued at $32,000 after buying an additional 1,360 shares in the last quarter. Bard Associates Inc. bought a new position in Eaton Vance Floating-Rate Income Trust in the fourth quarter valued at about $56,000. Advisory Services Network LLC bought a new position in Eaton Vance Floating-Rate Income Trust in the third quarter valued at about $69,000. Comerica Bank boosted its holdings in Eaton Vance Floating-Rate Income Trust by 12.4% in the third quarter. Comerica Bank now owns 7,990 shares of the investment management company’s stock valued at $94,000 after acquiring an additional 883 shares during the last quarter. Finally, Susquehanna International Group LLP boosted its holdings in Eaton Vance Floating-Rate Income Trust by 15.9% in the third quarter. Susquehanna International Group LLP now owns 11,667 shares of the investment management company’s stock valued at $137,000 after acquiring an additional 1,604 shares during the last quarter.

Eaton Vance Floating-Rate Income Trust Trading Down 0.4%

Eaton Vance Floating-Rate Income Trust stock opened at $10.68 on Thursday. The business’s 50-day simple moving average is $10.84 and its 200 day simple moving average is $11.05. Eaton Vance Floating-Rate Income Trust has a 12-month low of $10.34 and a 12-month high of $12.67.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.067 dividend. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a yield of 7.5%.

Eaton Vance Floating-Rate Income Trust Profile

Eaton Vance Floating-Rate Income Trust (NYSE: EFT) is a diversified, closed-end management investment company that seeks to provide current income with capital preservation. Originally launched in June 1988, the trust is listed on the New York Stock Exchange and offers investors access to a portfolio of floating-rate debt instruments. As a closed-end vehicle, it issues a fixed number of shares and may employ leverage to enhance income potential.

The trust’s primary investment strategy centers on senior secured floating-rate loans, often referred to as bank loans, issued by U.S.