Eaton Vance Municipal Income 2028 Term Trust (ETX) to Distribute Monthly Dividend of $0.08 on September 30th

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) announced a monthly dividend on Tuesday, September 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.0782 per share by the investment management company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Tuesday, September 15th.

Eaton Vance Municipal Income 2028 Term Trust Stock Up 0.1%

Shares of ETX stock opened at $18.16 on Thursday. The company has a 50-day simple moving average of $18.40 and a 200 day simple moving average of $18.68. Eaton Vance Municipal Income 2028 Term Trust has a 52 week low of $18.02 and a 52 week high of $20.00.

Hedge Funds Weigh In On Eaton Vance Municipal Income 2028 Term Trust

Several institutional investors and hedge funds have recently made changes to their positions in ETX. Kestra Advisory Services LLC bought a new stake in Eaton Vance Municipal Income 2028 Term Trust in the 4th quarter valued at $155,000. Clark Capital Management Group Inc. bought a new position in Eaton Vance Municipal Income 2028 Term Trust during the 4th quarter worth $187,000. Mutual Advisors LLC bought a new position in Eaton Vance Municipal Income 2028 Term Trust during the 4th quarter worth $204,000. Anchor Investment Management LLC lifted its holdings in shares of Eaton Vance Municipal Income 2028 Term Trust by 22.9% during the fourth quarter. Anchor Investment Management LLC now owns 13,400 shares of the investment management company’s stock worth $251,000 after buying an additional 2,500 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in shares of Eaton Vance Municipal Income 2028 Term Trust by 16.7% during the second quarter. Osaic Holdings Inc. now owns 17,342 shares of the investment management company’s stock worth $312,000 after buying an additional 2,487 shares in the last quarter.

About Eaton Vance Municipal Income 2028 Term Trust

Eaton Vance Municipal Income 2028 Term Trust (NYSE: ETX) is a closed-end management investment company that seeks to provide a high level of current income exempt from federal income tax. The trust primarily invests in investment-grade municipal securities that mature on or before the trust’s termination date in 2028, focusing on debt issued by state and local governments, authorities, and agencies across the United States.

The portfolio is diversified across sectors such as transportation, education, healthcare, utilities, and general purpose obligations, with the goal of managing credit risk and preserving capital.