Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX – Get Free Report) announced a monthly dividend on Monday, June 1st. Shareholders of record on Monday, June 15th will be given a dividend of 0.0782 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date is Monday, June 15th.
Eaton Vance Municipal Income 2028 Term Trust Stock Up 0.2%
NYSE:ETX opened at $18.95 on Tuesday. Eaton Vance Municipal Income 2028 Term Trust has a one year low of $17.97 and a one year high of $20.00. The firm’s fifty day moving average is $18.78 and its two-hundred day moving average is $18.88.
Institutional Investors Weigh In On Eaton Vance Municipal Income 2028 Term Trust
Several hedge funds have recently added to or reduced their stakes in ETX. LPL Financial LLC boosted its holdings in Eaton Vance Municipal Income 2028 Term Trust by 134.6% in the fourth quarter. LPL Financial LLC now owns 110,348 shares of the investment management company’s stock valued at $2,064,000 after purchasing an additional 63,307 shares during the last quarter. Focused Alpha LLC purchased a new stake in Eaton Vance Municipal Income 2028 Term Trust in the fourth quarter valued at $764,000. Stronghold Wealth Management L.L.C. purchased a new stake in Eaton Vance Municipal Income 2028 Term Trust in the fourth quarter valued at $375,000. Stratos Wealth Partners LTD. purchased a new stake in Eaton Vance Municipal Income 2028 Term Trust in the fourth quarter valued at $246,000. Finally, Raymond James Financial Inc. boosted its holdings in Eaton Vance Municipal Income 2028 Term Trust by 5.8% in the third quarter. Raymond James Financial Inc. now owns 229,424 shares of the investment management company’s stock valued at $4,428,000 after purchasing an additional 12,475 shares during the last quarter.
About Eaton Vance Municipal Income 2028 Term Trust
Eaton Vance Municipal Income 2028 Term Trust (NYSE: ETX) is a closed-end management investment company that seeks to provide a high level of current income exempt from federal income tax. The trust primarily invests in investment-grade municipal securities that mature on or before the trust’s termination date in 2028, focusing on debt issued by state and local governments, authorities, and agencies across the United States.
The portfolio is diversified across sectors such as transportation, education, healthcare, utilities, and general purpose obligations, with the goal of managing credit risk and preserving capital.
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