Eaton Vance Municipal Income Trust (NYSE:EVN – Get Free Report) declared a monthly dividend on Monday, August 3rd. Shareholders of record on Thursday, August 13th will be paid a dividend of 0.0513 per share by the investment management company on Tuesday, August 25th. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Thursday, August 13th.
Eaton Vance Municipal Income Trust Trading Up 0.1%
Shares of EVN stock opened at $10.38 on Tuesday. Eaton Vance Municipal Income Trust has a fifty-two week low of $10.09 and a fifty-two week high of $11.26. The stock has a 50 day moving average price of $10.89 and a two-hundred day moving average price of $10.78.
Institutional Investors Weigh In On Eaton Vance Municipal Income Trust
A number of large investors have recently added to or reduced their stakes in EVN. Guggenheim Capital LLC lifted its stake in shares of Eaton Vance Municipal Income Trust by 17.7% in the 4th quarter. Guggenheim Capital LLC now owns 957,988 shares of the investment management company’s stock valued at $10,308,000 after purchasing an additional 143,896 shares during the period. Raymond James Financial Inc. grew its stake in Eaton Vance Municipal Income Trust by 12.0% in the second quarter. Raymond James Financial Inc. now owns 797,595 shares of the investment management company’s stock worth $8,159,000 after purchasing an additional 85,737 shares during the period. Meadowbrook Wealth Management LLC bought a new position in Eaton Vance Municipal Income Trust in the second quarter worth $502,000. Bank of America Corp DE raised its holdings in Eaton Vance Municipal Income Trust by 14.1% in the second quarter. Bank of America Corp DE now owns 342,870 shares of the investment management company’s stock worth $3,508,000 after purchasing an additional 42,332 shares in the last quarter. Finally, LPL Financial LLC lifted its position in Eaton Vance Municipal Income Trust by 23.5% during the fourth quarter. LPL Financial LLC now owns 203,743 shares of the investment management company’s stock valued at $2,192,000 after buying an additional 38,710 shares during the period.
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.
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