Hennion & Walsh Asset Management Inc. Grows Stake in Eaton Vance Floating-Rate Income Trust (NYSE:EFT)

Hennion & Walsh Asset Management Inc. increased its holdings in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) by 3.6% during the third quarter, Holdings Channel reports. The firm owned 125,374 shares of the investment management company’s stock after acquiring an additional 4,302 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Eaton Vance Floating-Rate Income Trust were worth $1,615,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. bought a new stake in Eaton Vance Floating-Rate Income Trust in the 2nd quarter valued at $40,000. NBC Securities Inc. boosted its holdings in shares of Eaton Vance Floating-Rate Income Trust by 106.8% during the 3rd quarter. NBC Securities Inc. now owns 4,550 shares of the investment management company’s stock valued at $58,000 after purchasing an additional 2,350 shares during the last quarter. Comerica Bank grew 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 valued at $95,000 after purchasing an additional 3,330 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of Eaton Vance Floating-Rate Income Trust by 17.1% in the third quarter. Private Advisor Group LLC now owns 20,528 shares of the investment management company’s stock worth $264,000 after purchasing an additional 3,000 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Eaton Vance Floating-Rate Income Trust in the third quarter worth about $322,000.

Eaton Vance Floating-Rate Income Trust Price Performance

Shares of Eaton Vance Floating-Rate Income Trust stock opened at $13.15 on Friday. The stock has a 50 day moving average of $13.00 and a 200 day moving average of $13.25. 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 company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 23rd will be given a dividend of $0.109 per share. The ex-dividend date is Wednesday, October 23rd. This represents a $1.31 dividend on an annualized basis and a dividend yield of 9.95%.

About Eaton Vance Floating-Rate Income Trust

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.