Eaton Vance Municipal Income Trust (NYSE:EVN - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.35 and traded as high as $10.43. Eaton Vance Municipal Income Trust shares last traded at $10.34, with a volume of 74,034 shares trading hands.
Eaton Vance Municipal Income Trust Price Performance
The stock's 50-day moving average price is $10.23 and its 200 day moving average price is $10.34.
Eaton Vance Municipal Income Trust Announces Dividend
The business also recently announced 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 5.89%.
Insider Activity at Eaton Vance Municipal Income Trust
In other news, insider Cynthia Frost sold 15,000 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $10.65, for a total transaction of $159,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is currently owned by company insiders.
Institutional Trading of Eaton Vance Municipal Income Trust
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of Eaton Vance Municipal Income Trust during the fourth quarter worth $6,817,000. Van ECK Associates Corp grew its holdings 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 purchasing an additional 69,652 shares during the period. Leigh Baldwin & CO. LLC acquired a new position in Eaton Vance Municipal Income Trust during the fourth quarter valued at approximately $2,681,000. Bank of America Corp DE grew its holdings in Eaton Vance Municipal Income Trust by 4.6% during the fourth quarter. Bank of America Corp DE now owns 254,071 shares of the investment management company's stock valued at $2,569,000 after purchasing an additional 11,080 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in Eaton Vance Municipal Income Trust by 0.6% during 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 purchasing an additional 1,345 shares during the period.
About Eaton Vance Municipal Income Trust
(
Get Free Report)
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.
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