Wolverine Asset Management LLC Grows Stock Holdings in Eaton Vance Floating-Rate Income Trust $EFT

Wolverine Asset Management LLC grew its position in shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFT) by 71.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 118,915 shares of the investment management company’s stock after acquiring an additional 49,461 shares during the period. Wolverine Asset Management LLC’s holdings in Eaton Vance Floating-Rate Income Trust were worth $1,400,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Ameritas Advisory Services LLC bought a new position in Eaton Vance Floating-Rate Income Trust during the 2nd quarter valued at approximately $42,000. MeadowBrook Investment Advisors LLC raised its holdings in shares of Eaton Vance Floating-Rate Income Trust by 55.0% during the second quarter. MeadowBrook Investment Advisors LLC now owns 4,085 shares of the investment management company’s stock valued at $51,000 after acquiring an additional 1,450 shares in the last quarter. Shaker Financial Services LLC bought a new position in shares of Eaton Vance Floating-Rate Income Trust during the third quarter valued at approximately $151,000. Stephens Inc. AR purchased a new stake in Eaton Vance Floating-Rate Income Trust in the third quarter worth $184,000. Finally, Jane Street Group LLC bought a new stake in Eaton Vance Floating-Rate Income Trust in the second quarter valued at $218,000.

Eaton Vance Floating-Rate Income Trust Stock Performance

Shares of NYSE EFT opened at $11.53 on Friday. The firm has a fifty day simple moving average of $11.37 and a two-hundred day simple moving average of $11.78. Eaton Vance Floating-Rate Income Trust has a 12 month low of $10.44 and a 12 month high of $13.61.

Eaton Vance Floating-Rate Income Trust Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, January 15th. Shareholders of record on Tuesday, December 30th were issued a $0.086 dividend. This represents a c) annualized dividend and a yield of 9.0%. This is a boost from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.08. The ex-dividend date was Tuesday, December 30th.

Eaton Vance Floating-Rate Income Trust Company Profile

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.