Eaton Vance Municipal Income Trust (NYSE:EVN) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Eaton Vance Municipal Income Trust (NYSE:EVN)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.76 and traded as high as $10.77. Eaton Vance Municipal Income Trust shares last traded at $10.74, with a volume of 64,590 shares trading hands.

Eaton Vance Municipal Income Trust Trading Up 0.8%

The company’s fifty day moving average is $10.58 and its two-hundred day moving average is $10.76.

Eaton Vance Municipal Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, June 24th. Investors of record on Friday, June 12th will be issued a dividend of $0.0513 per share. The ex-dividend date is Friday, June 12th. This represents a c) annualized dividend and a dividend yield of 5.7%.

Hedge Funds Weigh In On Eaton Vance Municipal Income Trust

Several hedge funds and other institutional investors have recently made changes to their positions in EVN. Guggenheim Capital LLC lifted its holdings in shares of Eaton Vance Municipal Income Trust by 17.7% during the 4th quarter. Guggenheim Capital LLC now owns 957,988 shares of the investment management company’s stock valued at $10,308,000 after acquiring an additional 143,896 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted 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 acquiring an additional 140,792 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Eaton Vance Municipal Income Trust by 12.0% during the 2nd quarter. Raymond James Financial Inc. now owns 797,595 shares of the investment management company’s stock valued at $8,159,000 after acquiring an additional 85,737 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Eaton Vance Municipal Income Trust by 14.1% during the 2nd quarter. Bank of America Corp DE now owns 342,870 shares of the investment management company’s stock valued at $3,508,000 after acquiring an additional 42,332 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of Eaton Vance Municipal Income Trust by 23.5% during the 4th quarter. LPL Financial LLC now owns 203,743 shares of the investment management company’s stock valued at $2,192,000 after acquiring an additional 38,710 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.