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

Eaton Vance Municipal Income Trust (NYSE:EVN) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.79 and traded as high as $11.08. Eaton Vance Municipal Income Trust shares last traded at $11.0570, with a volume of 25,883 shares.

Eaton Vance Municipal Income Trust Trading Up 0.1%

The firm’s 50-day moving average price is $10.88 and its two-hundred day moving average price is $10.79.

Eaton Vance Municipal Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, July 24th. Shareholders of record on Tuesday, July 14th will be paid a dividend of $0.0513 per share. The ex-dividend date of this dividend is Tuesday, July 14th. This represents a c) dividend on an annualized basis and a yield of 5.6%.

Institutional Trading of Eaton Vance Municipal Income Trust

Several hedge funds have recently made changes to their positions in EVN. Meadowbrook Wealth Management LLC boosted its position in Eaton Vance Municipal Income Trust by 4.2% in the 4th quarter. Meadowbrook Wealth Management LLC now owns 28,286 shares of the investment management company’s stock valued at $304,000 after buying an additional 1,130 shares during the period. Whipplewood Advisors LLC increased its position in shares of Eaton Vance Municipal Income Trust by 1.4% during the first quarter. Whipplewood Advisors LLC now owns 94,081 shares of the investment management company’s stock worth $979,000 after acquiring an additional 1,301 shares during the period. Cetera Investment Advisers increased its position in shares of Eaton Vance Municipal Income Trust by 0.8% during the first quarter. Cetera Investment Advisers now owns 164,283 shares of the investment management company’s stock worth $1,710,000 after acquiring an additional 1,353 shares during the period. Ashton Thomas Private Wealth LLC raised its stake in shares of Eaton Vance Municipal Income Trust by 11.1% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 15,000 shares of the investment management company’s stock valued at $161,000 after acquiring an additional 1,500 shares in the last quarter. Finally, UBS Group AG raised its stake 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 valued at $4,301,000 after acquiring an additional 1,737 shares in the last quarter.

Eaton Vance Municipal Income Trust Company Profile

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.