Van ECK Associates Corp Buys 6,326 Shares of Eaton Vance Municipal Income Trust (NYSE:EVN)

Van ECK Associates Corp grew its stake in Eaton Vance Municipal Income Trust (NYSE:EVNFree Report) by 2.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 305,456 shares of the investment management company’s stock after acquiring an additional 6,326 shares during the quarter. Van ECK Associates Corp’s holdings in Eaton Vance Municipal Income Trust were worth $3,131,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. InTrack Investment Management Inc bought a new stake in Eaton Vance Municipal Income Trust during the 4th quarter worth approximately $570,000. Raymond James & Associates increased its stake in Eaton Vance Municipal Income Trust by 2.6% during the 4th quarter. Raymond James & Associates now owns 244,617 shares of the investment management company’s stock worth $2,402,000 after purchasing an additional 6,143 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Eaton Vance Municipal Income Trust by 2.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 123,134 shares of the investment management company’s stock worth $1,209,000 after purchasing an additional 3,096 shares in the last quarter. Ackerman Capital Advisors LLC bought a new stake in Eaton Vance Municipal Income Trust during the 4th quarter worth approximately $338,000. Finally, Camelot Portfolios LLC increased its stake in Eaton Vance Municipal Income Trust by 47.8% during the 4th quarter. Camelot Portfolios LLC now owns 32,838 shares of the investment management company’s stock worth $322,000 after purchasing an additional 10,626 shares in the last quarter.

Eaton Vance Municipal Income Trust Price Performance

NYSE EVN opened at $10.32 on Friday. The business has a 50 day simple moving average of $10.13 and a 200 day simple moving average of $10.09. Eaton Vance Municipal Income Trust has a 52-week low of $8.64 and a 52-week high of $10.45.

Eaton Vance Municipal Income Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Thursday, July 11th will be given a dividend of $0.0513 per share. The ex-dividend date is Thursday, July 11th. This represents a $0.62 dividend on an annualized basis and a yield of 5.97%. This is an increase from Eaton Vance Municipal Income Trust’s previous monthly dividend of $0.05.

Eaton Vance Municipal Income Trust Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Eaton Vance Municipal Income Trust (NYSE:EVN)

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