Eaton Vance Municipal Income Trust (NYSE:EVN) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Eaton Vance Municipal Income Trust (NYSE:EVN) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.36 and traded as high as $11.09. Eaton Vance Municipal Income Trust shares last traded at $11.07, with a volume of 71,262 shares changing hands.

Eaton Vance Municipal Income Trust Price Performance

The firm has a 50-day moving average of $10.55 and a 200 day moving average of $10.36.

Eaton Vance Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 24th. Investors of record on Friday, September 12th will be given a $0.0513 dividend. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date is Friday, September 12th.

Institutional Trading of Eaton Vance Municipal Income Trust

Several large investors have recently added to or reduced their stakes in EVN. Bank of America Corp DE increased its position in Eaton Vance Municipal Income Trust by 4.6% in the 4th quarter. Bank of America Corp DE now owns 254,071 shares of the investment management company’s stock valued at $2,569,000 after acquiring an additional 11,080 shares during the period. Nomura Holdings Inc. acquired a new position in shares of Eaton Vance Municipal Income Trust during the 4th quarter valued at $263,000. Leigh Baldwin & CO. LLC acquired a new position in shares of Eaton Vance Municipal Income Trust during the 4th quarter valued at $265,000. Rothschild Investment LLC increased its position in shares of Eaton Vance Municipal Income Trust by 1.5% during the 1st quarter. Rothschild Investment LLC now owns 208,100 shares of the investment management company’s stock valued at $2,135,000 after purchasing an additional 3,000 shares during the period. Finally, Integrated Capital Management Inc. increased its position in shares of Eaton Vance Municipal Income Trust by 17.5% during the 1st quarter. Integrated Capital Management Inc. now owns 22,310 shares of the investment management company’s stock valued at $229,000 after purchasing an additional 3,325 shares during the period.

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.