Eaton Vance Municipal Income Trust (NYSE:EVN) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Eaton Vance Municipal Income Trust (NYSE:EVN – Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.77 and traded as high as $10.81. Eaton Vance Municipal Income Trust shares last traded at $10.7450, with a volume of 159,132 shares traded.

Eaton Vance Municipal Income Trust Stock Down 0.3%

The stock’s 50 day moving average price is $10.53 and its two-hundred day moving average price is $10.77.

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Eaton Vance Municipal Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Thursday, May 14th were issued a dividend of $0.0513 per share. This represents a c) annualized dividend and a dividend yield of 5.7%. The ex-dividend date was Thursday, May 14th.

Institutional Investors Weigh In On Eaton Vance Municipal Income Trust

Several institutional investors have recently made changes to their positions in EVN. CENTRAL TRUST Co acquired a new stake in shares of Eaton Vance Municipal Income Trust during the 4th quarter valued at about $54,000. First Trust Advisors LP acquired a new stake in shares of Eaton Vance Municipal Income Trust during the 1st quarter valued at about $105,000. Glen Eagle Advisors LLC acquired a new stake in shares of Eaton Vance Municipal Income Trust during the 4th quarter valued at about $111,000. Belpointe Asset Management LLC acquired a new stake in shares of Eaton Vance Municipal Income Trust during the 3rd quarter valued at about $138,000. Finally, &PARTNERS acquired a new stake in shares of Eaton Vance Municipal Income Trust during the 4th quarter valued at about $142,000.

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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