Eaton Vance Municipal Income Trust (NYSE:EVN) Share Price Crosses Above Two Hundred Day Moving Average of $9.72

Eaton Vance Municipal Income Trust (NYSE:EVN) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.72 and traded as high as $10.09. Eaton Vance Municipal Income Trust shares last traded at $10.09, with a volume of 60,412 shares traded.

Eaton Vance Municipal Income Trust Trading Up 0.5 %

The company has a 50-day moving average price of $10.19 and a 200-day moving average price of $9.72.

Eaton Vance Municipal Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, April 18th. Investors of record on Thursday, April 11th will be issued a dividend of $0.0461 per share. This represents a $0.55 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date of this dividend is Wednesday, April 10th.

Institutional Trading of Eaton Vance Municipal Income Trust

A number of large investors have recently made changes to their positions in the company. Morgan Stanley lifted its stake in Eaton Vance Municipal Income Trust by 102.9% in the fourth quarter. Morgan Stanley now owns 678,839 shares of the investment management company’s stock valued at $6,700,000 after buying an additional 344,277 shares in the last quarter. Robinson Capital Management LLC boosted its stake in Eaton Vance Municipal Income Trust by 13.1% in the 4th quarter. Robinson Capital Management LLC now owns 583,003 shares of the investment management company’s stock worth $5,725,000 after purchasing an additional 67,473 shares during the period. Wells Fargo & Company MN boosted its stake in Eaton Vance Municipal Income Trust by 16.0% in the 2nd quarter. Wells Fargo & Company MN now owns 546,320 shares of the investment management company’s stock worth $5,976,000 after purchasing an additional 75,232 shares during the period. UBS Group AG increased its holdings in Eaton Vance Municipal Income Trust by 5.1% during the 1st quarter. UBS Group AG now owns 407,405 shares of the investment management company’s stock worth $4,824,000 after purchasing an additional 19,805 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Eaton Vance Municipal Income Trust by 5.6% in the 1st quarter. Bank of America Corp DE now owns 337,730 shares of the investment management company’s stock valued at $3,999,000 after purchasing an additional 17,876 shares during the period.

Eaton Vance Municipal Income Trust Company Profile

Eaton Vance Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invests primarily in investment grade municipal obligations of various sectors, such as cogeneration, education, electric utilities, general obligations, healthcare, hospital, housing, transportation, and nursing home.