Eaton Vance Municipal Income Trust (NYSE:EVN - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.34 and traded as high as $10.41. Eaton Vance Municipal Income Trust shares last traded at $10.34, with a volume of 51,175 shares changing hands.
Eaton Vance Municipal Income Trust Trading Down 0.0%
The firm's fifty day moving average is $10.18 and its two-hundred day moving average is $10.33.
Eaton Vance Municipal Income Trust Dividend Announcement
The company also recently announced a monthly dividend, which was paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th were given a dividend of $0.0513 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $0.62 annualized dividend and a dividend yield of 6.05%.
Insider Transactions at Eaton Vance Municipal Income Trust
In related 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.00% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of EVN. Raymond James Financial Inc. increased its holdings in Eaton Vance Municipal Income Trust by 5.6% during the first quarter. Raymond James Financial Inc. now owns 711,858 shares of the investment management company's stock worth $7,304,000 after buying an additional 37,539 shares during the last quarter. 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 purchased a new stake in Eaton Vance Municipal Income Trust in the fourth quarter worth $2,681,000. Bank of America Corp DE raised its stake in shares of Eaton Vance Municipal Income Trust by 4.6% in 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 buying an additional 11,080 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in shares of Eaton Vance Municipal Income Trust by 0.6% during the 4th 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 last quarter.
About Eaton Vance Municipal Income Trust
(
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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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