Marble Harbor Investment Counsel LLC Buys 325,079 Shares of Eaton Vance Floating-Rate Income Trust $EFT

Marble Harbor Investment Counsel LLC bought a new position in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 325,079 shares of the investment management company’s stock, valued at approximately $3,472,000.

Several other institutional investors have also recently made changes to their positions in the company. Fifth Third Bancorp lifted its stake in Eaton Vance Floating-Rate Income Trust by 12.9% in the third quarter. Fifth Third Bancorp now owns 13,781 shares of the investment management company’s stock worth $147,000 after acquiring an additional 1,577 shares during the period. Kestra Advisory Services LLC grew its holdings in Eaton Vance Floating-Rate Income Trust by 483.0% during the 3rd quarter. Kestra Advisory Services LLC now owns 113,778 shares of the investment management company’s stock worth $1,215,000 after acquiring an additional 94,263 shares in the last quarter. Choreo LLC increased its position in Eaton Vance Floating-Rate Income Trust by 3.3% during the 3rd quarter. Choreo LLC now owns 31,000 shares of the investment management company’s stock valued at $331,000 after purchasing an additional 1,000 shares during the period. Park Avenue Securities LLC purchased a new position in Eaton Vance Floating-Rate Income Trust during the 3rd quarter valued at about $1,145,000. Finally, Sigma Planning Corp lifted its holdings in Eaton Vance Floating-Rate Income Trust by 14.1% during the third quarter. Sigma Planning Corp now owns 11,505 shares of the investment management company’s stock worth $123,000 after buying an additional 1,418 shares during the period.

Eaton Vance Floating-Rate Income Trust Stock Down 0.8%

Shares of NYSE EFT opened at $10.56 on Friday. The stock’s fifty day simple moving average is $10.57 and its two-hundred day simple moving average is $10.78. Eaton Vance Floating-Rate Income Trust has a 12-month low of $10.31 and a 12-month high of $11.67.

Eaton Vance Floating-Rate Income Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be paid a dividend of $0.0710 per share. This is an increase from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.07. The ex-dividend date is Monday, November 16th. This represents a $0.85 dividend on an annualized basis and a dividend yield of 8.1%.

Eaton Vance Floating-Rate Income Trust Profile

Eaton Vance Floating-Rate Income Trust is a closed-end investment company listed on the New York Stock Exchange under the symbol EFT. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective. The trust invests primarily in floating-rate loans and other floating-rate debt instruments, including senior secured loans issued by companies. These investments generally have interest rates that adjust periodically, which can help reduce sensitivity to changes in prevailing interest rates compared with fixed-rate bonds.