Eaton Vance Municipal Income 2028 Term Trust (ETX) To Go Ex-Dividend on August 14th

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) announced a monthly dividend on Monday, August 3rd. Investors of record on Friday, August 14th will be given a dividend of 0.0782 per share by the investment management company on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, August 14th.

Eaton Vance Municipal Income 2028 Term Trust Stock Performance

Shares of ETX stock opened at $18.32 on Wednesday. Eaton Vance Municipal Income 2028 Term Trust has a twelve month low of $18.02 and a twelve month high of $20.00. The stock’s fifty day simple moving average is $18.61 and its 200 day simple moving average is $18.75.

Institutional Trading of Eaton Vance Municipal Income 2028 Term Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Kestra Advisory Services LLC bought a new position in Eaton Vance Municipal Income 2028 Term Trust in the 4th quarter valued at approximately $155,000. Clark Capital Management Group Inc. bought a new stake in Eaton Vance Municipal Income 2028 Term Trust during the 4th quarter worth approximately $187,000. Mutual Advisors LLC bought a new stake in Eaton Vance Municipal Income 2028 Term Trust during the 4th quarter worth approximately $204,000. Stratos Wealth Partners LTD. acquired a new position in Eaton Vance Municipal Income 2028 Term Trust in the 4th quarter valued at approximately $246,000. Finally, Anchor Investment Management LLC raised its stake 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 valued at $251,000 after acquiring an additional 2,500 shares during 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.