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

Eaton Vance Municipal Income Trust (NYSE:EVN)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.78 and traded as high as $11.08. Eaton Vance Municipal Income Trust shares last traded at $11.0450, with a volume of 108,959 shares traded.

Eaton Vance Municipal Income Trust Stock Down 0.1%

The stock has a fifty day moving average of $10.83 and a 200-day moving average of $10.78.

Eaton Vance Municipal Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 24th. Stockholders of record on Tuesday, July 14th 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 Tuesday, July 14th.

Institutional Trading of Eaton Vance Municipal Income Trust

A number of large investors have recently made changes to their positions in EVN. Guggenheim Capital LLC grew its holdings in Eaton Vance Municipal Income Trust by 17.7% during the 4th quarter. Guggenheim Capital LLC now owns 957,988 shares of the investment management company’s stock worth $10,308,000 after acquiring an additional 143,896 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Eaton Vance Municipal Income Trust by 17.4% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 948,250 shares of the investment management company’s stock valued at $10,203,000 after purchasing an additional 140,792 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of Eaton Vance Municipal Income Trust by 3.2% during the 3rd quarter. Raymond James Financial Inc. now owns 823,277 shares of the investment management company’s stock worth $9,114,000 after purchasing an additional 25,682 shares during the last quarter. UBS Group AG grew its stake in shares of Eaton Vance Municipal Income Trust by 0.4% during the fourth quarter. UBS Group AG now owns 399,755 shares of the investment management company’s stock worth $4,301,000 after purchasing an additional 1,737 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Eaton Vance Municipal Income Trust by 1.2% during the first quarter. Bank of America Corp DE now owns 343,201 shares of the investment management company’s stock worth $3,573,000 after purchasing an additional 4,171 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.