Eaton Vance Municipal Income Trust (NYSE:EVN) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Eaton Vance Municipal Income Trust (NYSE:EVN) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.88 and traded as high as $10.99. Eaton Vance Municipal Income Trust shares last traded at $10.96, with a volume of 74,184 shares trading hands.

Eaton Vance Municipal Income Trust Price Performance

The company’s 50-day moving average is $10.86 and its 200 day moving average is $10.88.

Eaton Vance Municipal Income Trust Dividend Announcement

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Guggenheim Capital LLC raised its position in Eaton Vance Municipal Income Trust by 17.7% during the fourth quarter. Guggenheim Capital LLC now owns 957,988 shares of the investment management company’s stock valued at $10,308,000 after buying an additional 143,896 shares during the period. &PARTNERS acquired a new stake in Eaton Vance Municipal Income Trust during the 4th quarter worth about $142,000. Glen Eagle Advisors LLC purchased a new position in Eaton Vance Municipal Income Trust during the 4th quarter valued at about $111,000. Stifel Financial Corp increased its holdings in shares of Eaton Vance Municipal Income Trust by 2.3% in the 4th quarter. Stifel Financial Corp now owns 89,742 shares of the investment management company’s stock valued at $966,000 after purchasing an additional 1,975 shares during the period. Finally, Van ECK Associates Corp increased its holdings in shares of Eaton Vance Municipal Income Trust by 18.2% in the 4th quarter. Van ECK Associates Corp now owns 175,574 shares of the investment management company’s stock valued at $1,889,000 after purchasing an additional 27,041 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.