LPL Financial LLC Buys 40,171 Shares of Eaton Vance Municipal Income Trust $EVN

Key Points

• LPL Financial LLC increased its stake in Eaton Vance Municipal Income Trust by 26.4%, acquiring an additional 40,171 shares, bringing their total ownership to 192,051 shares valued at approximately $1,970,000.
• The Eaton Vance Municipal Income Trust recently declared a monthly dividend of $0.0513 per share, equating to an annualized yield of 6.0%, with the dividend payable on August 25th.
• Eaton Vance Municipal Income Trust's stock is currently priced at $10.3450, having a 12-month range between a low of $9.59 and a high of $11.31.

LPL Financial LLC raised its stake in shares of Eaton Vance Municipal Income Trust (NYSE:EVN - Free Report) by 26.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 192,051 shares of the investment management company's stock after purchasing an additional 40,171 shares during the quarter. LPL Financial LLC owned 0.48% of Eaton Vance Municipal Income Trust worth $1,970,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Walleye Capital LLC bought a new position in shares of Eaton Vance Municipal Income Trust during the 4th quarter worth about $114,000. Integrated Capital Management Inc. lifted its holdings in shares of Eaton Vance Municipal Income Trust by 17.5% during the 1st quarter. Integrated Capital Management Inc. now owns 22,310 shares of the investment management company's stock worth $229,000 after acquiring an additional 3,325 shares during the period. Nomura Holdings Inc. bought a new position in shares of Eaton Vance Municipal Income Trust during the 4th quarter worth about $263,000. Leigh Baldwin & CO. LLC bought a new position in shares of Eaton Vance Municipal Income Trust during the 4th quarter worth about $265,000. Finally, NewEdge Advisors LLC lifted its holdings in shares of Eaton Vance Municipal Income Trust by 21.8% during the 4th quarter. NewEdge Advisors LLC now owns 44,295 shares of the investment management company's stock worth $448,000 after acquiring an additional 7,922 shares during the period.

Eaton Vance Municipal Income Trust Stock Up 0.1%

EVN opened at $10.3450 on Thursday. The firm's 50-day simple moving average is $10.39 and its 200-day simple moving average is $10.35. Eaton Vance Municipal Income Trust has a twelve month low of $9.59 and a twelve month high of $11.31.

Eaton Vance Municipal Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 25th. Investors of record on Wednesday, August 13th will be issued a $0.0513 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Wednesday, August 13th.

About Eaton Vance Municipal Income Trust

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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