Northwestern Mutual Wealth Management Co. Purchases New Shares in Eaton Vance Floating-Rate Income Trust (NYSE:EFT)

Northwestern Mutual Wealth Management Co. acquired a new position in shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,965 shares of the investment management company’s stock, valued at approximately $40,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Comerica Bank lifted its position in shares of Eaton Vance Floating-Rate Income Trust by 87.4% during the first quarter. Comerica Bank now owns 7,139 shares of the investment management company’s stock worth $95,000 after purchasing an additional 3,330 shares in the last quarter. Choreo LLC bought a new position in Eaton Vance Floating-Rate Income Trust in the 2nd quarter valued at $411,000. Commonwealth Equity Services LLC boosted its position in Eaton Vance Floating-Rate Income Trust by 297.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 51,132 shares of the investment management company’s stock valued at $686,000 after buying an additional 38,282 shares during the last quarter. Garner Asset Management Corp increased its stake in shares of Eaton Vance Floating-Rate Income Trust by 4.6% in the 2nd quarter. Garner Asset Management Corp now owns 70,585 shares of the investment management company’s stock valued at $947,000 after buying an additional 3,105 shares during the period. Finally, Hennion & Walsh Asset Management Inc. raised its position in shares of Eaton Vance Floating-Rate Income Trust by 10.8% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 109,622 shares of the investment management company’s stock worth $1,459,000 after acquiring an additional 10,716 shares during the last quarter.

Eaton Vance Floating-Rate Income Trust Trading Up 0.1 %

Eaton Vance Floating-Rate Income Trust stock opened at $13.01 on Friday. The business’s 50-day simple moving average is $12.98 and its 200 day simple moving average is $13.27. Eaton Vance Floating-Rate Income Trust has a 12-month low of $11.46 and a 12-month high of $13.88.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 23rd will be paid a $0.109 dividend. This represents a $1.31 annualized dividend and a dividend yield of 10.05%. The ex-dividend date of this dividend is Wednesday, October 23rd.

Eaton Vance Floating-Rate Income Trust 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.