Raymond James Financial Inc. Invests $6.82 Million in Eaton Vance Municipal Income Trust (NYSE:EVN)

Raymond James Financial Inc. acquired a new stake in shares of Eaton Vance Municipal Income Trust (NYSE:EVN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 674,318 shares of the investment management company's stock, valued at approximately $6,817,000. Raymond James Financial Inc. owned about 1.70% of Eaton Vance Municipal Income Trust as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its position in Eaton Vance Municipal Income Trust by 30.6% during the fourth quarter. Van ECK Associates Corp now owns 296,961 shares of the investment management company's stock valued at $3,002,000 after acquiring an additional 69,652 shares during the period. Janney Montgomery Scott LLC raised its holdings in Eaton Vance Municipal Income Trust by 0.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 235,550 shares of the investment management company's stock valued at $2,381,000 after buying an additional 1,345 shares during the period. Rothschild Investment LLC lifted its position in Eaton Vance Municipal Income Trust by 5.1% during the fourth quarter. Rothschild Investment LLC now owns 205,100 shares of the investment management company's stock valued at $2,074,000 after buying an additional 10,000 shares in the last quarter. LPL Financial LLC grew its stake in Eaton Vance Municipal Income Trust by 2.3% during the fourth quarter. LPL Financial LLC now owns 151,880 shares of the investment management company's stock worth $1,536,000 after buying an additional 3,477 shares during the period. Finally, Moloney Securities Asset Management LLC increased its position in shares of Eaton Vance Municipal Income Trust by 8.8% in the fourth quarter. Moloney Securities Asset Management LLC now owns 139,942 shares of the investment management company's stock worth $1,415,000 after acquiring an additional 11,309 shares in the last quarter.

Eaton Vance Municipal Income Trust Stock Performance

Eaton Vance Municipal Income Trust stock traded up $0.02 during midday trading on Tuesday, hitting $10.13. 17,490 shares of the company were exchanged, compared to its average volume of 101,933. Eaton Vance Municipal Income Trust has a fifty-two week low of $9.59 and a fifty-two week high of $11.31. The company's fifty day moving average price is $10.31 and its 200-day moving average price is $10.38.

Eaton Vance Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 11th were issued a $0.0513 dividend. This represents a $0.62 annualized dividend and a dividend yield of 6.08%. The ex-dividend date was Friday, April 11th.

Insider Buying and Selling

In other news, insider Cynthia Frost sold 15,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $10.65, for a total transaction of $159,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by company insiders.

Eaton Vance Municipal Income Trust Company Profile

Eaton Vance Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invests primarily in investment grade municipal obligations of various sectors, such as cogeneration, education, electric utilities, general obligations, healthcare, hospital, housing, transportation, and nursing home.