Union Bancaire Privee UBP SA Purchases New Position in Eaton Vance Floating-Rate Income Trust (NYSE:EFT)

Union Bancaire Privee UBP SA acquired a new stake in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 8,200 shares of the investment management company’s stock, valued at approximately $108,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of EFT. MeadowBrook Investment Advisors LLC increased its stake in Eaton Vance Floating-Rate Income Trust by 18.0% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 5,250 shares of the investment management company’s stock valued at $68,000 after buying an additional 800 shares during the period. Private Advisor Group LLC lifted its position in shares of Eaton Vance Floating-Rate Income Trust by 17.1% during the 3rd quarter. Private Advisor Group LLC now owns 20,528 shares of the investment management company’s stock valued at $264,000 after acquiring an additional 3,000 shares during the period. Horizon Kinetics Asset Management LLC purchased a new stake in Eaton Vance Floating-Rate Income Trust during the third quarter worth $155,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Eaton Vance Floating-Rate Income Trust in the 3rd quarter worth about $178,000. Finally, Bard Associates Inc. purchased a new stake in shares of Eaton Vance Floating-Rate Income Trust in the third quarter valued at about $196,000.

Eaton Vance Floating-Rate Income Trust Trading Up 0.0 %

Shares of NYSE EFT opened at $13.21 on Wednesday. The company has a 50-day simple moving average of $13.25 and a 200-day simple moving average of $13.17. Eaton Vance Floating-Rate Income Trust has a 12 month low of $12.62 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 Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.094 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 8.54%. The ex-dividend date is Friday, February 14th.

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.