Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Shares Sold by Merit Financial Group LLC

Merit Financial Group LLC trimmed its holdings in shares of Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) by 17.5% in the fourth quarter, HoldingsChannel reports. The firm owned 15,046 shares of the investment management company’s stock after selling 3,200 shares during the period. Merit Financial Group LLC’s holdings in Eaton Vance Municipal Income 2028 Term Trust were worth $261,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Van ECK Associates Corp lifted its holdings in Eaton Vance Municipal Income 2028 Term Trust by 13.8% in the 4th quarter. Van ECK Associates Corp now owns 76,456 shares of the investment management company’s stock valued at $1,326,000 after purchasing an additional 9,281 shares in the last quarter. Avior Wealth Management LLC purchased a new stake in Eaton Vance Municipal Income 2028 Term Trust in the 4th quarter worth approximately $143,000. Walter & Keenan Wealth Management LLC IN ADV raised its holdings in Eaton Vance Municipal Income 2028 Term Trust by 2.3% in the 4th quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 105,688 shares of the investment management company’s stock valued at $1,833,000 after acquiring an additional 2,361 shares during the last quarter. Raymond James & Associates raised its holdings in Eaton Vance Municipal Income 2028 Term Trust by 22.1% in the 4th quarter. Raymond James & Associates now owns 39,827 shares of the investment management company’s stock valued at $691,000 after acquiring an additional 7,221 shares during the last quarter. Finally, JGP Wealth Management LLC purchased a new position in shares of Eaton Vance Municipal Income 2028 Term Trust during the 4th quarter worth $220,000.

Eaton Vance Municipal Income 2028 Term Trust Stock Up 0.4 %

Shares of NYSE:ETX opened at $18.39 on Friday. The business has a fifty day simple moving average of $18.07 and a 200-day simple moving average of $17.71. Eaton Vance Municipal Income 2028 Term Trust has a 52 week low of $16.36 and a 52 week high of $18.49.

Eaton Vance Municipal Income 2028 Term Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 24th will be issued a $0.0782 dividend. This is a boost from Eaton Vance Municipal Income 2028 Term Trust’s previous monthly dividend of $0.08. The ex-dividend date is Thursday, May 23rd. This represents a $0.94 annualized dividend and a yield of 5.10%.

About Eaton Vance Municipal Income 2028 Term Trust

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.