Eaton Vance Municipal Income Trust (NYSE:EVN – Get Free Report) announced a monthly dividend on Friday, January 2nd. Investors of record on Wednesday, January 14th will be given a dividend of 0.0513 per share by the investment management company on Monday, January 26th. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Wednesday, January 14th.
Eaton Vance Municipal Income Trust Stock Up 1.9%
NYSE EVN opened at $11.01 on Monday. Eaton Vance Municipal Income Trust has a 52 week low of $9.59 and a 52 week high of $11.23. The company has a fifty day moving average of $10.90 and a two-hundred day moving average of $10.77.
Institutional Trading of Eaton Vance Municipal Income Trust
Institutional investors have recently added to or reduced their stakes in the company. Gridiron Partners LLC increased its position in shares of Eaton Vance Municipal Income Trust by 2,320.0% during the third quarter. Gridiron Partners LLC now owns 924,331 shares of the investment management company’s stock worth $102,000 after acquiring an additional 886,136 shares during the period. Hennion & Walsh Asset Management Inc. increased its holdings in Eaton Vance Municipal Income Trust by 138.0% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 807,458 shares of the investment management company’s stock worth $8,939,000 after purchasing an additional 468,224 shares during the period. Whipplewood Advisors LLC increased its holdings in Eaton Vance Municipal Income Trust by 70,592.9% during the 2nd quarter. Whipplewood Advisors LLC now owns 89,780 shares of the investment management company’s stock worth $918,000 after purchasing an additional 89,653 shares during the period. Raymond James Financial Inc. raised its position in Eaton Vance Municipal Income Trust by 12.0% during the 2nd quarter. Raymond James Financial Inc. now owns 797,595 shares of the investment management company’s stock valued at $8,159,000 after purchasing an additional 85,737 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Eaton Vance Municipal Income Trust by 14.1% in the 2nd quarter. Bank of America Corp DE now owns 342,870 shares of the investment management company’s stock worth $3,508,000 after buying an additional 42,332 shares during the period.
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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