Eaton Vance Municipal Income Trust (NYSE:EVN) Shares Pass Above 200 Day Moving Average – What’s Next?

Eaton Vance Municipal Income Trust (NYSE:EVN)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.78 and traded as high as $11.11. Eaton Vance Municipal Income Trust shares last traded at $11.0750, with a volume of 84,845 shares trading hands.

Eaton Vance Municipal Income Trust Price Performance

The business’s 50-day simple moving average is $10.90 and its two-hundred day simple moving average is $10.78.

Eaton Vance Municipal Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, January 26th. Investors of record on Wednesday, January 14th will be issued a dividend of $0.0513 per share. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a c) annualized dividend and a dividend yield of 5.6%.

Hedge Funds Weigh In On Eaton Vance Municipal Income Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. Abel Hall LLC acquired a new stake in shares of Eaton Vance Municipal Income Trust during the second quarter valued at about $102,000. Objective Capital Management LLC acquired a new position in shares of Eaton Vance Municipal Income Trust in the third quarter valued at approximately $111,000. Belpointe Asset Management LLC bought a new position in Eaton Vance Municipal Income Trust in the 3rd quarter valued at approximately $138,000. PNC Financial Services Group Inc. boosted its position in Eaton Vance Municipal Income Trust by 18.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 12,613 shares of the investment management company’s stock worth $129,000 after buying an additional 2,000 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Eaton Vance Municipal Income Trust during the 3rd quarter worth approximately $149,000.

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.