Eaton Vance Municipal Income Trust (NYSE:EVN) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Eaton Vance Municipal Income Trust (NYSE:EVN) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.76 and traded as high as $10.99. Eaton Vance Municipal Income Trust shares last traded at $10.9210, with a volume of 54,394 shares.

Eaton Vance Municipal Income Trust Stock Down 0.1%

The firm has a fifty day moving average price of $10.65 and a two-hundred day moving average price of $10.76.

Eaton Vance Municipal Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Friday, June 12th will be issued a dividend of $0.0513 per share. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date is Friday, June 12th.

Institutional Investors Weigh In On Eaton Vance Municipal Income Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Meadowbrook Wealth Management LLC raised its position in Eaton Vance Municipal Income Trust by 4.2% during the 4th quarter. Meadowbrook Wealth Management LLC now owns 28,286 shares of the investment management company’s stock valued at $304,000 after purchasing an additional 1,130 shares in the last quarter. Whipplewood Advisors LLC raised its position in Eaton Vance Municipal Income Trust by 1.4% during the 1st quarter. Whipplewood Advisors LLC now owns 94,081 shares of the investment management company’s stock valued at $979,000 after purchasing an additional 1,301 shares in the last quarter. ProVise Management Group LLC raised its position in Eaton Vance Municipal Income Trust by 1.4% during the 3rd quarter. ProVise Management Group LLC now owns 97,948 shares of the investment management company’s stock valued at $1,084,000 after purchasing an additional 1,350 shares in the last quarter. Cetera Investment Advisers raised its position in Eaton Vance Municipal Income Trust by 0.8% during the 1st quarter. Cetera Investment Advisers now owns 164,283 shares of the investment management company’s stock valued at $1,710,000 after purchasing an additional 1,353 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its position in Eaton Vance Municipal Income Trust by 11.1% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 15,000 shares of the investment management company’s stock valued at $161,000 after purchasing an additional 1,500 shares in the last quarter.

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.