Eaton Vance Municipal Income Trust $EVN Shares Purchased by Hennion & Walsh Asset Management Inc.

Key Points

• Hennion & Walsh Asset Management increased its stake in Eaton Vance Municipal Income Trust (NYSE: EVN) by 17.4% in Q4, buying 140,792 shares to hold 948,250 shares (about 2.39% ownership) valued at roughly $10.2 million.
• The fund declared a monthly dividend of $0.0513 per share (paid March 25, ex-dividend March 13), representing an annualized yield of about 6.1%.
• EVN stock opened at $10.13, with a 12-month trading range of $9.59 to $11.23 and 50-day/200-day moving averages near $10.84 and $10.92, respectively.

Hennion & Walsh Asset Management Inc. increased its stake in shares of Eaton Vance Municipal Income Trust (NYSE:EVN - Free Report) by 17.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 948,250 shares of the investment management company's stock after buying an additional 140,792 shares during the quarter. Hennion & Walsh Asset Management Inc. owned about 2.39% of Eaton Vance Municipal Income Trust worth $10,203,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. InTrack Investment Management Inc grew its holdings in Eaton Vance Municipal Income Trust by 85.7% in the 4th quarter. InTrack Investment Management Inc now owns 64,991 shares of the investment management company's stock valued at $699,000 after buying an additional 29,990 shares in the last quarter. Meadowbrook Wealth Management LLC raised its holdings in shares of Eaton Vance Municipal Income Trust by 4.2% during the 4th quarter. Meadowbrook Wealth Management LLC now owns 28,286 shares of the investment management company's stock worth $304,000 after acquiring an additional 1,130 shares during the period. Westview Management dba Westview Investment Advisors acquired a new position in shares of Eaton Vance Municipal Income Trust during the 4th quarter valued at about $408,000. NewEdge Advisors LLC boosted its position in shares of Eaton Vance Municipal Income Trust by 40.8% during the 3rd quarter. NewEdge Advisors LLC now owns 69,637 shares of the investment management company's stock valued at $771,000 after acquiring an additional 20,184 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in shares of Eaton Vance Municipal Income Trust by 3.2% in the third quarter. Raymond James Financial Inc. now owns 823,277 shares of the investment management company's stock valued at $9,114,000 after purchasing an additional 25,682 shares during the period.

Eaton Vance Municipal Income Trust Stock Performance

Eaton Vance Municipal Income Trust stock opened at $10.13 on Monday. Eaton Vance Municipal Income Trust has a 12-month low of $9.59 and a 12-month high of $11.23. The company has a 50-day moving average price of $10.84 and a 200 day moving average price of $10.92.

Eaton Vance Municipal Income Trust Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Friday, March 13th were paid a $0.0513 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 6.1%.

About Eaton Vance Municipal Income Trust

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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