Eaton Vance Municipal Income Trust (NYSE:EVN) Share Price Passes Above 200 Day Moving Average – What’s Next?

Shares of Eaton Vance Municipal Income Trust (NYSE:EVN) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.88 and traded as high as $10.99. Eaton Vance Municipal Income Trust shares last traded at $10.96, with a volume of 74,184 shares changing hands.

Eaton Vance Municipal Income Trust Stock Up 0.2%

The company has a fifty day moving average price of $10.86 and a two-hundred day moving average price of $10.88.

Eaton Vance Municipal Income Trust Dividend Announcement

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

Institutional Trading of Eaton Vance Municipal Income Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. Guggenheim Capital LLC boosted its holdings in Eaton Vance Municipal Income Trust by 17.7% during the fourth quarter. Guggenheim Capital LLC now owns 957,988 shares of the investment management company’s stock worth $10,308,000 after buying an additional 143,896 shares in the last quarter. &PARTNERS bought a new position in shares of Eaton Vance Municipal Income Trust in the fourth quarter valued at $142,000. Glen Eagle Advisors LLC acquired a new stake in shares of Eaton Vance Municipal Income Trust during the 4th quarter valued at $111,000. Stifel Financial Corp boosted its stake in shares of Eaton Vance Municipal Income Trust by 2.3% during the 4th quarter. Stifel Financial Corp now owns 89,742 shares of the investment management company’s stock worth $966,000 after acquiring an additional 1,975 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Eaton Vance Municipal Income Trust by 18.2% during the 4th quarter. Van ECK Associates Corp now owns 175,574 shares of the investment management company’s stock worth $1,889,000 after acquiring an additional 27,041 shares in the last quarter.

About Eaton Vance Municipal Income Trust

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.