Invesco Ltd. Has $1.72 Million Stock Holdings in Eaton Vance Municipal Income Trust $EVN

Key Points

• Invesco Ltd. increased its stake in Eaton Vance Municipal Income Trust by 34.2%, acquiring an additional 42,724 shares, bringing its total ownership to 167,597 shares valued at approximately $1.72 million.
• Other institutional investors also enhanced their positions in EVN, with Cetera Investment Advisers boosting its holdings by 76.9% during the same period.
• Eaton Vance Municipal Income Trust recently announced a monthly dividend of $0.0513 per share, which translates to an annualized dividend yield of 5.9%.

Invesco Ltd. grew its stake in shares of Eaton Vance Municipal Income Trust (NYSE:EVN - Free Report) by 34.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 167,597 shares of the investment management company's stock after buying an additional 42,724 shares during the quarter. Invesco Ltd. owned about 0.42% of Eaton Vance Municipal Income Trust worth $1,720,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in EVN. PNC Financial Services Group Inc. raised its holdings in shares of Eaton Vance Municipal Income Trust by 33.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,613 shares of the investment management company's stock worth $109,000 after purchasing an additional 2,672 shares in the last quarter. Integrated Capital Management Inc. raised its holdings in shares of Eaton Vance Municipal Income Trust by 17.5% during the first quarter. Integrated Capital Management Inc. now owns 22,310 shares of the investment management company's stock valued at $229,000 after acquiring an additional 3,325 shares during the period. Nomura Holdings Inc. acquired a new stake in shares of Eaton Vance Municipal Income Trust during the fourth quarter valued at approximately $263,000. Leigh Baldwin & CO. LLC acquired a new stake in shares of Eaton Vance Municipal Income Trust during the fourth quarter valued at approximately $265,000. Finally, Stifel Financial Corp raised its holdings in shares of Eaton Vance Municipal Income Trust by 5.8% during the fourth quarter. Stifel Financial Corp now owns 64,384 shares of the investment management company's stock valued at $651,000 after acquiring an additional 3,517 shares during the period.

Eaton Vance Municipal Income Trust Stock Up 0.2%

Shares of EVN stock traded up $0.03 during trading hours on Thursday, reaching $10.47. 51,109 shares of the stock traded hands, compared to its average volume of 90,103. Eaton Vance Municipal Income Trust has a 1-year low of $9.59 and a 1-year high of $11.31. The business has a fifty day moving average price of $10.43 and a 200 day moving average price of $10.34.

Eaton Vance Municipal Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 24th. Investors of record on Friday, September 12th will be given a dividend of $0.0513 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a c) dividend on an annualized basis and a yield of 5.9%.

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.