Apollon Wealth Management LLC Lowers Holdings in Eaton Vance Floating-Rate Income Trust $EFT

Apollon Wealth Management LLC reduced its stake in shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFT) by 66.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,847 shares of the investment management company’s stock after selling 86,194 shares during the period. Apollon Wealth Management LLC’s holdings in Eaton Vance Floating-Rate Income Trust were worth $470,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of EFT. Gould Capital LLC grew its holdings in 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 purchasing an additional 1,360 shares during the period. Bard Associates Inc. acquired a new position in shares of Eaton Vance Floating-Rate Income Trust in the 4th quarter valued at $56,000. Advisory Services Network LLC acquired a new position in shares of Eaton Vance Floating-Rate Income Trust in the 3rd quarter valued at $69,000. Comerica Bank grew its stake in shares of Eaton Vance Floating-Rate Income Trust by 12.4% during the 3rd quarter. Comerica Bank now owns 7,990 shares of the investment management company’s stock valued at $94,000 after buying an additional 883 shares during the period. Finally, Susquehanna International Group LLP grew its stake in shares of Eaton Vance Floating-Rate Income Trust by 15.9% during the 3rd quarter. Susquehanna International Group LLP now owns 11,667 shares of the investment management company’s stock valued at $137,000 after buying an additional 1,604 shares during the period.

Eaton Vance Floating-Rate Income Trust Stock Down 0.1%

Shares of EFT opened at $10.77 on Monday. Eaton Vance Floating-Rate Income Trust has a twelve month low of $10.34 and a twelve month high of $12.67. The stock’s fifty day simple moving average is $10.82 and its 200 day simple moving average is $11.00.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a $0.066 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date is Wednesday, July 15th.

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.