Raymond James Financial Inc. increased its position in Eaton Vance Municipal Income Trust (NYSE:EVN - Free Report) by 5.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 711,858 shares of the investment management company's stock after purchasing an additional 37,539 shares during the period. Raymond James Financial Inc. owned 1.79% of Eaton Vance Municipal Income Trust worth $7,304,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the company. Leigh Baldwin & CO. LLC acquired a new position in Eaton Vance Municipal Income Trust in the fourth quarter worth about $2,681,000. Bank of America Corp DE grew its stake in 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 worth $2,569,000 after purchasing an additional 11,080 shares in the last quarter. Rothschild Investment LLC grew its stake in Eaton Vance Municipal Income Trust by 1.5% in the first quarter. Rothschild Investment LLC now owns 208,100 shares of the investment management company's stock worth $2,135,000 after purchasing an additional 3,000 shares in the last quarter. LPL Financial LLC boosted its stake in Eaton Vance Municipal Income Trust by 26.4% in the first quarter. LPL Financial LLC now owns 192,051 shares of the investment management company's stock valued at $1,970,000 after acquiring an additional 40,171 shares during the period. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in Eaton Vance Municipal Income Trust in the first quarter valued at approximately $1,758,000.
Eaton Vance Municipal Income Trust Stock Performance
EVN stock traded up $0.23 during midday trading on Friday, reaching $10.67. The company had a trading volume of 147,830 shares, compared to its average volume of 90,062. The stock has a 50 day moving average price of $10.44 and a 200 day moving average price of $10.34. Eaton Vance Municipal Income Trust has a fifty-two week low of $9.59 and a fifty-two week high of $11.31.
Eaton Vance Municipal Income Trust Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Friday, September 12th will be paid a $0.0513 dividend. This represents a c) dividend on an annualized basis and a yield of 5.8%. The ex-dividend date is Friday, September 12th.
Eaton Vance Municipal Income Trust Profile
(
Free Report)
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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