Eaton Vance Floating-Rate Income Trust $EFT Shares Sold by Readystate Asset Management LP

Readystate Asset Management LP reduced its stake in shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFT) by 69.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 35,630 shares of the investment management company’s stock after selling 81,006 shares during the period. Readystate Asset Management LP’s holdings in Eaton Vance Floating-Rate Income Trust were worth $382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in EFT. Gould Capital LLC boosted its holdings in shares of Eaton Vance Floating-Rate Income Trust by 93.7% during the fourth quarter. Gould Capital LLC now owns 2,812 shares of the investment management company’s stock valued at $32,000 after acquiring an additional 1,360 shares during the period. Bard Associates Inc. acquired a new stake in shares of Eaton Vance Floating-Rate Income Trust in the 4th quarter worth about $56,000. Advisory Services Network LLC acquired a new stake in shares of Eaton Vance Floating-Rate Income Trust in the 3rd quarter worth about $69,000. Comerica Bank lifted its position in Eaton Vance Floating-Rate Income Trust by 12.4% in the 3rd quarter. Comerica Bank now owns 7,990 shares of the investment management company’s stock valued at $94,000 after purchasing an additional 883 shares during the last quarter. Finally, Fifth Third Bancorp bought a new stake in Eaton Vance Floating-Rate Income Trust in the 1st quarter valued at about $124,000.

Eaton Vance Floating-Rate Income Trust Price Performance

Eaton Vance Floating-Rate Income Trust stock opened at $10.65 on Thursday. Eaton Vance Floating-Rate Income Trust has a 52-week low of $10.34 and a 52-week high of $12.46. The firm has a 50-day moving average price of $10.75 and a two-hundred day moving average price of $10.92.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a dividend of $0.066 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend is Wednesday, July 15th.

About Eaton Vance Floating-Rate Income Trust

Eaton Vance Floating-Rate Income Trust (NYSE: EFT) is a diversified, closed-end management investment company that seeks to provide current income with capital preservation. Originally launched in June 1988, the trust is listed on the New York Stock Exchange and offers investors access to a portfolio of floating-rate debt instruments. As a closed-end vehicle, it issues a fixed number of shares and may employ leverage to enhance income potential.

The trust’s primary investment strategy centers on senior secured floating-rate loans, often referred to as bank loans, issued by U.S.