Apollon Wealth Management LLC Sells 9,426 Shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFT)

Apollon Wealth Management LLC trimmed its position in shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFT) by 6.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 138,656 shares of the investment management company’s stock after selling 9,426 shares during the period. Apollon Wealth Management LLC’s holdings in Eaton Vance Floating-Rate Income Trust were worth $1,861,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. purchased a new stake in Eaton Vance Floating-Rate Income Trust in the fourth quarter worth about $249,000. International Assets Investment Management LLC purchased a new stake in shares of Eaton Vance Floating-Rate Income Trust during the fourth quarter valued at approximately $555,000. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Eaton Vance Floating-Rate Income Trust by 5.5% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 29,559 shares of the investment management company’s stock valued at $371,000 after buying an additional 1,550 shares during the last quarter. MeadowBrook Investment Advisors LLC purchased a new stake in Eaton Vance Floating-Rate Income Trust in the fourth quarter worth approximately $83,000. Finally, Carolinas Wealth Consulting LLC boosted its holdings in Eaton Vance Floating-Rate Income Trust by 31.0% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 4,856 shares of the investment management company’s stock worth $62,000 after purchasing an additional 1,149 shares during the last quarter.

Eaton Vance Floating-Rate Income Trust Trading Up 0.2 %

EFT stock traded up $0.02 on Monday, hitting $13.16. The company had a trading volume of 201,585 shares, compared to its average volume of 90,656. Eaton Vance Floating-Rate Income Trust has a 12-month low of $11.46 and a 12-month high of $13.88. The stock’s 50-day simple moving average is $13.37 and its 200 day simple moving average is $13.34.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 22nd will be given a $0.114 dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $1.37 annualized dividend and a yield of 10.40%.

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.