Eaton Vance Municipal Income Trust (NYSE:EVN) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Eaton Vance Municipal Income Trust (NYSE:EVN) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.34 and traded as high as $10.41. Eaton Vance Municipal Income Trust shares last traded at $10.34, with a volume of 51,175 shares traded.

Eaton Vance Municipal Income Trust Stock Up 0.3%

The company’s 50 day moving average price is $10.19 and its 200 day moving average price is $10.34.

Eaton Vance Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th will be given a $0.0513 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $0.62 annualized dividend and a yield of 5.95%.

Insiders Place Their Bets

In other Eaton Vance Municipal Income Trust news, insider Cynthia Frost sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $10.65, for a total transaction of $159,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Eaton Vance Municipal Income Trust

Several institutional investors have recently modified their holdings of EVN. Raymond James Financial Inc. raised its stake in Eaton Vance Municipal Income Trust by 5.6% in the first quarter. Raymond James Financial Inc. now owns 711,858 shares of the investment management company’s stock valued at $7,304,000 after buying an additional 37,539 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Eaton Vance Municipal Income Trust by 30.6% during the 4th quarter. Van ECK Associates Corp now owns 296,961 shares of the investment management company’s stock worth $3,002,000 after acquiring an additional 69,652 shares in the last quarter. Leigh Baldwin & CO. LLC purchased a new stake in Eaton Vance Municipal Income Trust during the fourth quarter worth approximately $2,681,000. Bank of America Corp DE boosted its holdings in Eaton Vance Municipal Income Trust by 4.6% in the fourth quarter. Bank of America Corp DE now owns 254,071 shares of the investment management company’s stock valued at $2,569,000 after purchasing an additional 11,080 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in Eaton Vance Municipal Income Trust by 0.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 235,550 shares of the investment management company’s stock valued at $2,381,000 after purchasing an additional 1,345 shares during the last quarter.

About Eaton Vance Municipal Income Trust

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.