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

Wolverine Asset Management LLC increased its holdings in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) by 77.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 210,659 shares of the investment management company’s stock after acquiring an additional 91,744 shares during the quarter. Wolverine Asset Management LLC’s holdings in Eaton Vance Floating-Rate Income Trust were worth $2,378,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EFT. NewEdge Advisors LLC lifted its stake in Eaton Vance Floating-Rate Income Trust by 6,028.1% in the second quarter. NewEdge Advisors LLC now owns 122,562 shares of the investment management company’s stock worth $1,530,000 after acquiring an additional 120,562 shares during the period. Readystate Asset Management LP lifted its stake in Eaton Vance Floating-Rate Income Trust by 271.2% in the third quarter. Readystate Asset Management LP now owns 140,990 shares of the investment management company’s stock worth $1,659,000 after acquiring an additional 103,012 shares during the period. Invesco Ltd. lifted its stake in Eaton Vance Floating-Rate Income Trust by 22.7% in the second quarter. Invesco Ltd. now owns 503,658 shares of the investment management company’s stock worth $6,286,000 after acquiring an additional 93,272 shares during the period. 1607 Capital Partners LLC purchased a new stake in Eaton Vance Floating-Rate Income Trust in the third quarter worth $860,000. Finally, Raymond James Financial Inc. lifted its stake in Eaton Vance Floating-Rate Income Trust by 8.3% in the second quarter. Raymond James Financial Inc. now owns 830,163 shares of the investment management company’s stock worth $10,360,000 after acquiring an additional 63,716 shares during the period.

Eaton Vance Floating-Rate Income Trust Stock Down 0.6%

Shares of EFT stock opened at $10.90 on Tuesday. The stock has a fifty day moving average of $10.78 and a 200 day moving average of $11.18. Eaton Vance Floating-Rate Income Trust has a 52 week low of $10.34 and a 52 week high of $12.67.

Eaton Vance Floating-Rate Income Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, May 15th. This is a positive change from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a yield of 7.7%.

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.