Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $13.22 and traded as low as $12.98. Eaton Vance Floating-Rate Income Trust shares last traded at $13.14, with a volume of 111,437 shares.

Eaton Vance Floating-Rate Income Trust Trading Down 1.0 %

The company has a 50 day moving average of $13.30 and a 200 day moving average of $13.22.

Eaton Vance Floating-Rate Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 30th will be paid a dividend of $0.103 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 9.41%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in EFT. Morse Asset Management Inc acquired a new stake in shares of Eaton Vance Floating-Rate Income Trust in the 3rd quarter valued at $341,000. Benjamin Edwards Inc. acquired a new stake in Eaton Vance Floating-Rate Income Trust in the third quarter valued at $367,000. Walleye Capital LLC purchased a new stake in Eaton Vance Floating-Rate Income Trust during the 3rd quarter worth about $276,000. Horizon Kinetics Asset Management LLC purchased a new stake in Eaton Vance Floating-Rate Income Trust during the 3rd quarter worth about $155,000. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of Eaton Vance Floating-Rate Income Trust during the 3rd quarter worth about $178,000.

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.