Eaton Vance Municipal Income Trust (NYSE:EVN) Shares Pass Above 200 Day Moving Average – Here’s Why

Eaton Vance Municipal Income Trust (NYSE:EVN)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.92 and traded as high as $10.95. Eaton Vance Municipal Income Trust shares last traded at $10.9370, with a volume of 40,970 shares changing hands.

Eaton Vance Municipal Income Trust Price Performance

The business has a 50-day simple moving average of $10.91 and a 200 day simple moving average of $10.92.

Eaton Vance Municipal Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, March 25th. Investors of record on Friday, March 13th will be issued a $0.0513 dividend. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Friday, March 13th.

Hedge Funds Weigh In On Eaton Vance Municipal Income Trust

Large investors have recently added to or reduced their stakes in the company. Guggenheim Capital LLC raised 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 valued at $10,308,000 after acquiring an additional 143,896 shares during the period. &PARTNERS bought a new position in shares of Eaton Vance Municipal Income Trust in the fourth quarter worth about $142,000. Glen Eagle Advisors LLC bought a new position in shares of Eaton Vance Municipal Income Trust in the fourth quarter worth about $111,000. Stifel Financial Corp grew its position in shares of Eaton Vance Municipal Income Trust by 2.3% during the fourth quarter. Stifel Financial Corp now owns 89,742 shares of the investment management company’s stock worth $966,000 after purchasing an additional 1,975 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in shares of Eaton Vance Municipal Income Trust by 18.2% during the fourth quarter. Van ECK Associates Corp now owns 175,574 shares of the investment management company’s stock worth $1,889,000 after purchasing an additional 27,041 shares in the last quarter.

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.