Bank of America Corp DE Sells 296,965 Shares of Eaton Vance Floating-Rate Income Trust (EFT)

Bank of America Corp DE decreased its position in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) by 14.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,718,763 shares of the investment management company’s stock after selling 296,965 shares during the quarter. Bank of America Corp DE’s holdings in Eaton Vance Floating-Rate Income Trust were worth $21,759,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of EFT. Robinson Capital Management LLC acquired a new stake in Eaton Vance Floating-Rate Income Trust in the fourth quarter valued at $97,000. Two Sigma Securities LLC purchased a new stake in Eaton Vance Floating-Rate Income Trust during the 4th quarter worth about $134,000. Belpointe Asset Management LLC purchased a new stake in Eaton Vance Floating-Rate Income Trust during the 3rd quarter worth about $177,000. Dynamic Advisor Solutions LLC increased its position in Eaton Vance Floating-Rate Income Trust by 30.2% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 13,800 shares of the investment management company’s stock worth $182,000 after purchasing an additional 3,200 shares in the last quarter. Finally, Raymond James & Associates increased its position in Eaton Vance Floating-Rate Income Trust by 7.5% during the 4th quarter. Raymond James & Associates now owns 14,495 shares of the investment management company’s stock worth $184,000 after purchasing an additional 1,013 shares in the last quarter.

EFT traded up $0.02 during midday trading on Friday, hitting $13.60. The company’s stock had a trading volume of 97,103 shares, compared to its average volume of 142,390. Eaton Vance Floating-Rate Income Trust has a 52-week low of $12.29 and a 52-week high of $15.20.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 23rd will be issued a $0.076 dividend. This is a boost from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.07. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $0.91 annualized dividend and a yield of 6.71%.

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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.

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

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