Eaton Vance Municipal Income Trust (NYSE:EVN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.76 and traded as high as $10.81. Eaton Vance Municipal Income Trust shares last traded at $10.7570, with a volume of 48,979 shares changing hands.
Eaton Vance Municipal Income Trust Price Performance
The firm has a 50-day moving average price of $10.88 and a two-hundred day moving average price of $10.76.
Eaton Vance Municipal Income Trust Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Thursday, August 13th will be issued a $0.0513 dividend. The ex-dividend date is Thursday, August 13th. This represents a c) dividend on an annualized basis and a yield of 5.7%.
Institutional Investors Weigh In On Eaton Vance Municipal Income Trust
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Whipplewood Advisors LLC grew its stake in shares of Eaton Vance Municipal Income Trust by 1.4% in the first quarter. Whipplewood Advisors LLC now owns 94,081 shares of the investment management company's stock valued at $979,000 after buying an additional 1,301 shares in the last quarter. Cetera Investment Advisers lifted its stake in Eaton Vance Municipal Income Trust by 0.8% during the 1st quarter. Cetera Investment Advisers now owns 164,283 shares of the investment management company's stock worth $1,710,000 after acquiring an additional 1,353 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in Eaton Vance Municipal Income Trust by 11.1% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 15,000 shares of the investment management company's stock worth $161,000 after acquiring an additional 1,500 shares in the last quarter. UBS Group AG lifted its stake in Eaton Vance Municipal Income Trust by 0.4% during the 4th quarter. UBS Group AG now owns 399,755 shares of the investment management company's stock worth $4,301,000 after acquiring an additional 1,737 shares in the last quarter. Finally, Stifel Financial Corp boosted its holdings in Eaton Vance Municipal Income Trust by 2.3% during the 4th quarter. Stifel Financial Corp now owns 89,742 shares of the investment management company's stock valued at $966,000 after acquiring an additional 1,975 shares during the period.
Eaton Vance Municipal Income Trust Company Profile
(
Get Free Report)
Eaton Vance Municipal Income Trust NYSE: EVN is a closed-end management investment company that seeks to provide shareholders with current income exempt from federal income taxes. The trust primarily invests in investment-grade municipal securities issued by U.S. state and local governments, authorities and agencies. By focusing on tax-exempt income, EVN aims to deliver attractive after-tax yields to individual and institutional investors.
The fund's portfolio is diversified across sectors such as general obligation bonds, revenue bonds, essential service issuers and housing finance agencies.
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