Proequities Inc. acquired a new stake in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) during the 3rd quarter, HoldingsChannel reports. The firm acquired 14,631 shares of the investment management company’s stock, valued at approximately $214,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. IFP Advisors Inc increased its stake in Eaton Vance Floating-Rate Income Trust by 84.9% in the third quarter. IFP Advisors Inc now owns 7,997 shares of the investment management company’s stock valued at $117,000 after purchasing an additional 3,672 shares in the last quarter. Raymond James & Associates bought a new stake in Eaton Vance Floating-Rate Income Trust in the second quarter valued at approximately $197,000. Janney Montgomery Scott LLC bought a new stake in Eaton Vance Floating-Rate Income Trust in the second quarter valued at approximately $205,000. Raymond James Financial Services Advisors Inc. bought a new stake in Eaton Vance Floating-Rate Income Trust in the second quarter valued at approximately $240,000. Finally, Doliver Capital Advisors LP increased its stake in Eaton Vance Floating-Rate Income Trust by 37.0% in the third quarter. Doliver Capital Advisors LP now owns 19,788 shares of the investment management company’s stock valued at $289,000 after purchasing an additional 5,348 shares in the last quarter.

Shares of NYSE:EFT opened at $13.57 on Thursday. Eaton Vance Floating-Rate Income Trust has a 52 week low of $13.36 and a 52 week high of $15.29.

The company also recently announced a monthly dividend, which will be paid on Monday, December 31st. Shareholders of record on Monday, December 24th will be paid a $0.07 dividend. This represents a $0.84 annualized dividend and a yield of 6.19%. The ex-dividend date of this dividend is Friday, December 21st. This is an increase from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.07.

TRADEMARK VIOLATION NOTICE: This article was posted by Watch List News and is the property of of Watch List News. If you are reading this article on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The original version of this article can be viewed at https://www.watchlistnews.com/proequities-inc-acquires-new-holdings-in-eaton-vance-floating-rate-income-trust-eft/2665515.html.

Eaton Vance Floating-Rate Income Trust Company 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.

See Also: What is a Futures Contract?

Want to see what other hedge funds are holding EFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eaton Vance Floating-Rate Income Trust (NYSE:EFT).

Institutional Ownership by Quarter for Eaton Vance Floating-Rate Income Trust (NYSE:EFT)

Receive News & Ratings for Eaton Vance Floating-Rate Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eaton Vance Floating-Rate Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.