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) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.84 and traded as high as $11.11. Eaton Vance Municipal Income Trust shares last traded at $11.06, with a volume of 50,660 shares.

Eaton Vance Municipal Income Trust Trading Down 0.1%

The company’s fifty day moving average price is $10.86 and its 200-day moving average price is $10.84.

Eaton Vance Municipal Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 24th. Stockholders of record on Friday, February 13th will be paid a dividend of $0.0513 per share. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Friday, February 13th.

Hedge Funds Weigh In On Eaton Vance Municipal Income Trust

Several hedge funds have recently made changes to their positions in EVN. CENTRAL TRUST Co acquired a new stake in Eaton Vance Municipal Income Trust during the 4th quarter worth about $54,000. Objective Capital Management LLC acquired a new position in shares of Eaton Vance Municipal Income Trust in the third quarter valued at about $111,000. Belpointe Asset Management LLC purchased a new position in shares of Eaton Vance Municipal Income Trust in the third quarter worth about $138,000. PNC Financial Services Group Inc. lifted its holdings in shares of Eaton Vance Municipal Income Trust by 18.8% during the second quarter. PNC Financial Services Group Inc. now owns 12,613 shares of the investment management company’s stock worth $129,000 after purchasing an additional 2,000 shares during the period. Finally, Coquina Private Wealth LLC acquired a new stake in shares of Eaton Vance Municipal Income Trust during the fourth quarter worth about $143,000.

Eaton Vance Municipal Income Trust Company Profile

Eaton Vance Municipal Income Trust (NYSE: EVN) is a closed-end management investment company that seeks to provide shareholders with current income exempt from federal income taxes. The trust primarily invests in investment-grade municipal securities issued by U.S. state and local governments, authorities and agencies. By focusing on tax-exempt income, EVN aims to deliver attractive after-tax yields to individual and institutional investors.

The fund’s portfolio is diversified across sectors such as general obligation bonds, revenue bonds, essential service issuers and housing finance agencies.