Truist Financial Corp Grows Position in Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX)

Truist Financial Corp raised its stake in Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX – Get Rating) by 19.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 18,353 shares of the investment management company’s stock after purchasing an additional 2,988 shares during the quarter. Truist Financial Corp’s holdings in Eaton Vance Municipal Income 2028 Term Trust were worth $375,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Wolverine Asset Management LLC boosted its position in shares of Eaton Vance Municipal Income 2028 Term Trust by 750.2% during the 4th quarter. Wolverine Asset Management LLC now owns 10,712 shares of the investment management company’s stock worth $230,000 after purchasing an additional 9,452 shares during the period. Amplius Wealth Advisors LLC acquired a new position in Eaton Vance Municipal Income 2028 Term Trust in the 4th quarter valued at about $360,000. Van ECK Associates Corp increased its stake in Eaton Vance Municipal Income 2028 Term Trust by 9.0% during the fourth quarter. Van ECK Associates Corp now owns 39,618 shares of the investment management company’s stock worth $852,000 after purchasing an additional 3,272 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Eaton Vance Municipal Income 2028 Term Trust by 20.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 115,558 shares of the investment management company’s stock worth $2,485,000 after purchasing an additional 19,664 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of Eaton Vance Municipal Income 2028 Term Trust by 2.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 120,561 shares of the investment management company’s stock valued at $2,592,000 after purchasing an additional 3,068 shares during the period.

Eaton Vance Municipal Income 2028 Term Trust Stock Up 0.0 %

Shares of ETX opened at $20.34 on Thursday. Eaton Vance Municipal Income 2028 Term Trust has a fifty-two week low of $19.54 and a fifty-two week high of $23.50. The firm’s 50 day moving average price is $20.45 and its 200 day moving average price is $20.46.

Eaton Vance Municipal Income 2028 Term Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 29th. Stockholders of record on Friday, July 22nd will be paid a $0.071 dividend. This is a boost from Eaton Vance Municipal Income 2028 Term Trust’s previous monthly dividend of $0.07. This represents a $0.85 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Thursday, July 21st.

Eaton Vance Municipal Income 2028 Term Trust Company Profile

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Eaton Vance Municipal Income 2028 Term Trust is a closed ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invest in stocks of companies operating across the diversified sectors. It was previously known as Eaton Vance Municipal Income Term Trust.