Eaton Vance Municipal Income Trust (NYSE:EVN) Shares Acquired by Invesco Ltd.

Invesco Ltd. boosted its position in shares of Eaton Vance Municipal Income Trust (NYSE:EVN - Free Report) by 85.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,873 shares of the investment management company's stock after purchasing an additional 57,662 shares during the period. Invesco Ltd. owned approximately 0.31% of Eaton Vance Municipal Income Trust worth $1,262,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EVN. Envestnet Asset Management Inc. grew its position in shares of Eaton Vance Municipal Income Trust by 3.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 108,624 shares of the investment management company's stock worth $1,098,000 after buying an additional 3,145 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new position in Eaton Vance Municipal Income Trust during the 4th quarter worth $150,000. LPL Financial LLC grew its holdings in Eaton Vance Municipal Income Trust by 2.3% during the 4th quarter. LPL Financial LLC now owns 151,880 shares of the investment management company's stock worth $1,536,000 after acquiring an additional 3,477 shares in the last quarter. ProVise Management Group LLC increased its position in shares of Eaton Vance Municipal Income Trust by 5.0% in the 4th quarter. ProVise Management Group LLC now owns 97,623 shares of the investment management company's stock worth $987,000 after purchasing an additional 4,673 shares during the last quarter. Finally, one8zero8 LLC bought a new position in shares of Eaton Vance Municipal Income Trust during the fourth quarter worth about $182,000.

Eaton Vance Municipal Income Trust Stock Up 1.1 %

NYSE:EVN traded up $0.11 during mid-day trading on Tuesday, reaching $10.38. The stock had a trading volume of 118,411 shares, compared to its average volume of 101,101. The stock's 50 day simple moving average is $10.25 and its two-hundred day simple moving average is $10.35. Eaton Vance Municipal Income Trust has a 1-year low of $9.59 and a 1-year high of $11.31.

Eaton Vance Municipal Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th will be issued a $0.0513 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.93%.

Insider Activity at Eaton Vance Municipal Income Trust

In other news, insider Cynthia Frost sold 15,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $10.65, for a total transaction of $159,750.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company's stock.

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.