Van ECK Associates Corp Raises Stock Position in Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX)

Van ECK Associates Corp increased its stake in Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX – Get Rating) by 5.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,315 shares of the investment management company’s stock after acquiring an additional 1,382 shares during the quarter. Van ECK Associates Corp’s holdings in Eaton Vance Municipal Income 2028 Term Trust were worth $529,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Walter & Keenan Wealth Management LLC IN ADV grew its holdings in shares of Eaton Vance Municipal Income 2028 Term Trust by 3.3% during the third quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 153,075 shares of the investment management company’s stock worth $2,862,000 after buying an additional 4,959 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Eaton Vance Municipal Income 2028 Term Trust by 6.6% during the second quarter. Steward Partners Investment Advisory LLC now owns 45,085 shares of the investment management company’s stock worth $934,000 after buying an additional 2,793 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Eaton Vance Municipal Income 2028 Term Trust during the second quarter worth $810,000. Guggenheim Capital LLC purchased a new stake in shares of Eaton Vance Municipal Income 2028 Term Trust during the first quarter worth $786,000. Finally, Stratos Wealth Partners LTD. boosted its position in shares of Eaton Vance Municipal Income 2028 Term Trust by 12.2% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 26,650 shares of the investment management company’s stock valued at $552,000 after acquiring an additional 2,900 shares during the last quarter.

Eaton Vance Municipal Income 2028 Term Trust Price Performance

Shares of ETX stock opened at $18.31 on Tuesday. The company’s 50-day moving average price is $18.28 and its 200-day moving average price is $19.24. Eaton Vance Municipal Income 2028 Term Trust has a twelve month low of $17.39 and a twelve month high of $22.05.

Eaton Vance Municipal Income 2028 Term Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Tuesday, January 24th will be given a dividend of $0.062 per share. The ex-dividend date of this dividend is Monday, January 23rd. This represents a $0.74 annualized dividend and a dividend yield of 4.06%.

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.