Eaton Vance Municipal Income Trust (NYSE:EVN) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Eaton Vance Municipal Income Trust (NYSE:EVN) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.64 and traded as high as $10.95. Eaton Vance Municipal Income Trust shares last traded at $10.90, with a volume of 40,824 shares changing hands.

Eaton Vance Municipal Income Trust Trading Down 0.1%

The business has a fifty day simple moving average of $11.02 and a 200-day simple moving average of $10.64.

Eaton Vance Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Thursday, November 13th were issued a $0.0513 dividend. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Thursday, November 13th.

Hedge Funds Weigh In On Eaton Vance Municipal Income Trust

Several institutional investors have recently made changes to their positions in EVN. Dagco Inc. acquired a new stake in shares of Eaton Vance Municipal Income Trust in the 1st quarter valued at about $25,000. Abel Hall LLC acquired a new position in Eaton Vance Municipal Income Trust during the 2nd quarter worth approximately $102,000. Objective Capital Management LLC bought a new position in Eaton Vance Municipal Income Trust in the third quarter worth approximately $111,000. PNC Financial Services Group Inc. grew its stake in Eaton Vance Municipal Income Trust by 33.6% in the first quarter. PNC Financial Services Group Inc. now owns 10,613 shares of the investment management company’s stock valued at $109,000 after acquiring an additional 2,672 shares during the period. Finally, Belpointe Asset Management LLC acquired a new stake in Eaton Vance Municipal Income Trust in the third quarter valued at approximately $138,000.

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.