Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Major Shareholder Purchases $569,401.80 in Stock

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) major shareholder Saba Capital Management, L.P. acquired 42,780 shares of the stock in a transaction that occurred on Monday, December 28th. The shares were bought at an average price of $13.31 per share, with a total value of $569,401.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

  • On Wednesday, December 23rd, Saba Capital Management, L.P. acquired 54,834 shares of Eaton Vance Floating-Rate Income Trust stock. The shares were bought at an average price of $13.30 per share, with a total value of $729,292.20.
  • On Monday, December 21st, Saba Capital Management, L.P. acquired 10,033 shares of Eaton Vance Floating-Rate Income Trust stock. The shares were bought at an average price of $13.18 per share, with a total value of $132,234.94.
  • On Friday, December 18th, Saba Capital Management, L.P. acquired 31,759 shares of Eaton Vance Floating-Rate Income Trust stock. The shares were bought at an average price of $13.26 per share, with a total value of $421,124.34.
  • On Monday, October 26th, Saba Capital Management, L.P. acquired 237,683 shares of Eaton Vance Floating-Rate Income Trust stock. The shares were bought at an average price of $12.73 per share, with a total value of $3,025,704.59.
  • On Thursday, October 22nd, Saba Capital Management, L.P. purchased 263,944 shares of Eaton Vance Floating-Rate Income Trust stock. The stock was acquired at an average price of $12.78 per share, with a total value of $3,373,204.32.
  • On Monday, October 19th, Saba Capital Management, L.P. purchased 8,528 shares of Eaton Vance Floating-Rate Income Trust stock. The stock was acquired at an average price of $12.75 per share, with a total value of $108,732.00.
  • On Thursday, October 15th, Saba Capital Management, L.P. purchased 26,611 shares of Eaton Vance Floating-Rate Income Trust stock. The stock was acquired at an average price of $12.61 per share, with a total value of $335,564.71.
  • On Tuesday, October 13th, Saba Capital Management, L.P. purchased 131,563 shares of Eaton Vance Floating-Rate Income Trust stock. The stock was acquired at an average price of $12.55 per share, with a total value of $1,651,115.65.

Shares of NYSE EFT opened at $13.16 on Friday. Eaton Vance Floating-Rate Income Trust has a 52-week low of $7.31 and a 52-week high of $14.14. The firm has a 50 day moving average price of $13.24 and a two-hundred day moving average price of $12.30.

The firm also recently declared a monthly dividend, which will be paid on Friday, January 15th. Shareholders of record on Wednesday, December 30th will be given a $0.064 dividend. This represents a $0.77 annualized dividend and a yield of 5.84%. The ex-dividend date of this dividend is Tuesday, December 29th.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Rivernorth Capital Management LLC increased its position in Eaton Vance Floating-Rate Income Trust by 2.5% in the 3rd quarter. Rivernorth Capital Management LLC now owns 539,062 shares of the investment management company’s stock valued at $6,404,000 after acquiring an additional 13,128 shares during the period. CNH Partners LLC increased its position in shares of Eaton Vance Floating-Rate Income Trust by 26.0% during the third quarter. CNH Partners LLC now owns 94,839 shares of the investment management company’s stock worth $1,127,000 after buying an additional 19,591 shares during the period. Eudaimonia Partners LLC increased its position in shares of Eaton Vance Floating-Rate Income Trust by 141.5% during the third quarter. Eudaimonia Partners LLC now owns 6,145 shares of the investment management company’s stock worth $552,000 after buying an additional 3,601 shares during the period. Advisors Asset Management Inc. increased its position in shares of Eaton Vance Floating-Rate Income Trust by 15.4% during the third quarter. Advisors Asset Management Inc. now owns 260,652 shares of the investment management company’s stock worth $3,097,000 after buying an additional 34,729 shares during the period. Finally, Morgan Stanley increased its position in shares of Eaton Vance Floating-Rate Income Trust by 11.5% during the third quarter. Morgan Stanley now owns 1,385,251 shares of the investment management company’s stock worth $16,457,000 after buying an additional 142,817 shares during the period.

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.

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