Bard Associates Inc. Buys Shares of 15,192 Eaton Vance Floating-Rate Income Trust (NYSE:EFT)

Bard Associates Inc. bought a new stake in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,192 shares of the investment management company’s stock, valued at approximately $196,000.

Several other large investors also recently added to or reduced their stakes in EFT. Garner Asset Management Corp lifted its stake in shares of Eaton Vance Floating-Rate Income Trust by 4.6% in the 2nd quarter. Garner Asset Management Corp now owns 70,585 shares of the investment management company’s stock valued at $947,000 after purchasing an additional 3,105 shares during the last quarter. GraniteShares Advisors LLC lifted its stake in shares of Eaton Vance Floating-Rate Income Trust by 14.3% in the 2nd quarter. GraniteShares Advisors LLC now owns 153,328 shares of the investment management company’s stock valued at $2,058,000 after purchasing an additional 19,125 shares during the last quarter. Comerica Bank lifted its stake in Eaton Vance Floating-Rate Income Trust by 87.4% during the 1st quarter. Comerica Bank now owns 7,139 shares of the investment management company’s stock worth $95,000 after acquiring an additional 3,330 shares in the last quarter. NBC Securities Inc. lifted its stake in 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 worth $58,000 after acquiring an additional 2,350 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in Eaton Vance Floating-Rate Income Trust by 297.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 51,132 shares of the investment management company’s stock worth $686,000 after acquiring an additional 38,282 shares in the last quarter.

Eaton Vance Floating-Rate Income Trust Price Performance

EFT opened at $13.24 on Friday. The stock’s 50-day moving average price is $13.02 and its 200 day moving average price is $13.23. Eaton Vance Floating-Rate Income Trust has a 12-month low of $12.02 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, November 29th. Investors of record on Thursday, November 21st will be paid a dividend of $0.103 per share. This represents a $1.24 annualized dividend and a yield of 9.34%. The ex-dividend date is Thursday, November 21st.

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.