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

Eaton Vance Municipal Income Trust (NYSE:EVN) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.84 and traded as high as $11.11. Eaton Vance Municipal Income Trust shares last traded at $11.06, with a volume of 50,660 shares traded.

Eaton Vance Municipal Income Trust Stock Down 0.1%

The company has a fifty day moving average price of $10.86 and a 200-day moving average price of $10.84.

Eaton Vance Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, February 24th. Shareholders of record on Friday, February 13th will be issued a $0.0513 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a c) dividend on an annualized basis and a yield of 5.6%.

Institutional Investors Weigh In On Eaton Vance Municipal Income Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in EVN. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Eaton Vance Municipal Income Trust by 17.4% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 948,250 shares of the investment management company’s stock valued at $10,203,000 after purchasing an additional 140,792 shares in the last quarter. Gridiron Partners LLC grew its position in 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 valued at $102,000 after buying an additional 886,136 shares during the period. Raymond James Financial Inc. increased its holdings in Eaton Vance Municipal Income Trust by 3.2% in the third quarter. Raymond James Financial Inc. now owns 823,277 shares of the investment management company’s stock valued at $9,114,000 after buying an additional 25,682 shares in the last quarter. UBS Group AG raised its position in shares of Eaton Vance Municipal Income Trust by 0.4% in the fourth quarter. UBS Group AG now owns 399,755 shares of the investment management company’s stock worth $4,301,000 after acquiring an additional 1,737 shares during the period. Finally, Bank of America Corp DE raised its position in shares of Eaton Vance Municipal Income Trust by 14.1% in the second quarter. Bank of America Corp DE now owns 342,870 shares of the investment management company’s stock worth $3,508,000 after acquiring 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.