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

Eaton Vance Municipal Income Trust (NYSE:EVN – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.77 and traded as high as $10.80. Eaton Vance Municipal Income Trust shares last traded at $10.7450, with a volume of 74,665 shares.

Eaton Vance Municipal Income Trust Price Performance

The company’s fifty day moving average is $10.87 and its two-hundred day moving average is $10.77.

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Eaton Vance Municipal Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Thursday, August 13th were paid a $0.0513 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%.

Hedge Funds Weigh In On Eaton Vance Municipal Income Trust

Several hedge funds have recently bought and sold shares of the company. CENTRAL TRUST Co acquired a new position in Eaton Vance Municipal Income Trust in the 4th quarter valued at about $54,000. First Trust Advisors LP purchased a new position in shares of Eaton Vance Municipal Income Trust in the first quarter valued at approximately $105,000. Glen Eagle Advisors LLC purchased a new position in shares of Eaton Vance Municipal Income Trust in the fourth quarter valued at approximately $111,000. &PARTNERS acquired a new position in shares of Eaton Vance Municipal Income Trust in the fourth quarter valued at approximately $142,000. Finally, GRIMES & Co WEALTH MANAGEMENT LLC acquired a new position in shares of Eaton Vance Municipal Income Trust in the fourth quarter valued at approximately $147,000.

About Eaton Vance Municipal Income Trust

(Get Free Report)

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.

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