Raymond James & Associates Raises Stock Position in Eaton Vance Municipal Income Trust (NYSE:EVN)

Raymond James & Associates increased its stake in Eaton Vance Municipal Income Trust (NYSE:EVN) by 2.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 244,617 shares of the investment management company’s stock after acquiring an additional 6,143 shares during the quarter. Raymond James & Associates’ holdings in Eaton Vance Municipal Income Trust were worth $2,402,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EVN. Morgan Stanley increased its holdings in Eaton Vance Municipal Income Trust by 102.9% in the 4th quarter. Morgan Stanley now owns 678,839 shares of the investment management company’s stock worth $6,700,000 after acquiring an additional 344,277 shares in the last quarter. AQR Arbitrage LLC increased its holdings in Eaton Vance Municipal Income Trust by 88.3% in the 3rd quarter. AQR Arbitrage LLC now owns 302,506 shares of the investment management company’s stock worth $2,695,000 after acquiring an additional 141,881 shares in the last quarter. Robinson Capital Management LLC grew its holdings in shares of Eaton Vance Municipal Income Trust by 744.4% during the first quarter. Robinson Capital Management LLC now owns 131,539 shares of the investment management company’s stock worth $1,548,000 after buying an additional 115,961 shares in the last quarter. Rivernorth Capital Management LLC purchased a new stake in shares of Eaton Vance Municipal Income Trust during the first quarter worth $1,344,000. Finally, Advisors Asset Management Inc. grew its holdings in shares of Eaton Vance Municipal Income Trust by 46.0% during the first quarter. Advisors Asset Management Inc. now owns 316,509 shares of the investment management company’s stock worth $3,747,000 after buying an additional 99,777 shares in the last quarter.

Eaton Vance Municipal Income Trust Stock Down 1.2 %

Eaton Vance Municipal Income Trust stock opened at $9.86 on Tuesday. Eaton Vance Municipal Income Trust has a 52-week low of $8.64 and a 52-week high of $10.45. The company has a fifty day simple moving average of $10.18 and a 200-day simple moving average of $9.74.

Eaton Vance Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Thursday, April 11th will be issued a dividend of $0.0461 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 5.61%. The ex-dividend date is Wednesday, April 10th.

Eaton Vance Municipal Income Trust Company Profile

Eaton Vance Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invests primarily in investment grade municipal obligations of various sectors, such as cogeneration, education, electric utilities, general obligations, healthcare, hospital, housing, transportation, and nursing home.