Saba Capital Management, L.P. Acquires 42,780 Shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Stock

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) major shareholder Saba Capital Management, L.P. acquired 42,780 shares of the firm’s stock in a transaction on Monday, December 28th. The stock was bought at an average price of $13.31 per share, with a total value of $569,401.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions 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 stock was 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 stock was 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 stock was 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. purchased 237,683 shares of Eaton Vance Floating-Rate Income Trust stock. The stock was acquired 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 Eaton Vance Floating-Rate Income Trust stock opened at $13.16 on Friday. The company has a 50-day moving average of $13.24 and a 200 day moving average of $12.30. Eaton Vance Floating-Rate Income Trust has a 1 year low of $7.31 and a 1 year high of $14.14.

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

Several institutional investors have recently modified their holdings of EFT. Cornerstone Wealth Management LLC increased its position in shares of Eaton Vance Floating-Rate Income Trust by 9.5% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 33,377 shares of the investment management company’s stock valued at $397,000 after acquiring an additional 2,887 shares during the period. Morgan Stanley increased its position in shares of Eaton Vance Floating-Rate Income Trust by 3.7% in the 1st quarter. Morgan Stanley now owns 1,010,470 shares of the investment management company’s stock valued at $10,358,000 after acquiring an additional 35,798 shares during the period. Raymond James & Associates increased its position in shares of Eaton Vance Floating-Rate Income Trust by 15.8% in the 3rd quarter. Raymond James & Associates now owns 559,442 shares of the investment management company’s stock valued at $6,646,000 after acquiring an additional 76,258 shares during the period. Raymond James Trust N.A. acquired a new position in shares of Eaton Vance Floating-Rate Income Trust in the 3rd quarter valued at $138,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Eaton Vance Floating-Rate Income Trust by 21.7% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 47,520 shares of the investment management company’s stock valued at $565,000 after acquiring an additional 8,486 shares during the period.

Eaton Vance Floating-Rate Income Trust Company Profile

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.

Further Reading: Hang Seng Index (HSI)

Insider Buying and Selling by Quarter for Eaton Vance Floating-Rate Income Trust (NYSE:EFT)

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