Eaton Vance Municipal Income Trust (NYSE:EVN) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Eaton Vance Municipal Income Trust (NYSE:EVN) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.76 and traded as high as $10.99. Eaton Vance Municipal Income Trust shares last traded at $10.9210, with a volume of 54,394 shares trading hands.

Eaton Vance Municipal Income Trust Price Performance

The business has a 50-day simple moving average of $10.66 and a two-hundred day simple moving average of $10.76.

Eaton Vance Municipal Income Trust Dividend Announcement

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

Institutional Investors Weigh In On Eaton Vance Municipal Income Trust

Hedge funds have recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in Eaton Vance Municipal Income Trust by 5.1% during the 1st quarter. Royal Bank of Canada now owns 93,673 shares of the investment management company’s stock valued at $961,000 after purchasing an additional 4,582 shares during the last quarter. NewEdge Advisors LLC grew its stake in Eaton Vance Municipal Income Trust by 12.9% during the first quarter. NewEdge Advisors LLC now owns 50,006 shares of the investment management company’s stock worth $513,000 after buying an additional 5,711 shares during the last quarter. Baird Financial Group Inc. increased its holdings in shares of Eaton Vance Municipal Income Trust by 43.5% during the second quarter. Baird Financial Group Inc. now owns 65,615 shares of the investment management company’s stock worth $671,000 after buying an additional 19,881 shares in the last quarter. StoneX Group Inc. acquired a new stake in shares of Eaton Vance Municipal Income Trust during the second quarter worth approximately $180,000. Finally, Cary Street Partners Financial LLC acquired a new stake in shares of Eaton Vance Municipal Income Trust during the second quarter worth approximately $160,000.

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.