Aviance Capital Partners LLC Sells 1,192 Shares of Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX)

Aviance Capital Partners LLC decreased its holdings in Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) by 9.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,931 shares of the investment management company’s stock after selling 1,192 shares during the period. Aviance Capital Partners LLC’s holdings in Eaton Vance Municipal Income 2028 Term Trust were worth $207,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ETX. 1607 Capital Partners LLC raised its position in shares of Eaton Vance Municipal Income 2028 Term Trust by 268.8% in the third quarter. 1607 Capital Partners LLC now owns 105,116 shares of the investment management company’s stock worth $1,783,000 after buying an additional 76,615 shares in the last quarter. Wolverine Asset Management LLC grew its position in Eaton Vance Municipal Income 2028 Term Trust by 405.6% in the third quarter. Wolverine Asset Management LLC now owns 40,677 shares of the investment management company’s stock worth $690,000 after acquiring an additional 32,632 shares in the last quarter. Moors & Cabot Inc. bought a new position in Eaton Vance Municipal Income 2028 Term Trust in the third quarter valued at $314,000. Van ECK Associates Corp raised its position in Eaton Vance Municipal Income 2028 Term Trust by 35.9% during the third quarter. Van ECK Associates Corp now owns 67,175 shares of the investment management company’s stock valued at $1,139,000 after purchasing an additional 17,753 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in Eaton Vance Municipal Income 2028 Term Trust by 98.5% during the third quarter. Raymond James & Associates now owns 32,606 shares of the investment management company’s stock worth $553,000 after purchasing an additional 16,183 shares during the last quarter.

Eaton Vance Municipal Income 2028 Term Trust Trading Down 0.7 %

ETX stock traded down $0.12 during trading on Tuesday, hitting $18.26. 77,735 shares of the company traded hands, compared to its average volume of 31,903. The company has a 50-day moving average of $18.05 and a 200-day moving average of $17.70. Eaton Vance Municipal Income 2028 Term Trust has a 1 year low of $16.36 and a 1 year high of $18.49.

Eaton Vance Municipal Income 2028 Term Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 24th will be paid a dividend of $0.0782 per share. This represents a $0.94 annualized dividend and a dividend yield of 5.14%. This is an increase from Eaton Vance Municipal Income 2028 Term Trust’s previous monthly dividend of $0.08. The ex-dividend date of this dividend is Thursday, May 23rd.

Eaton Vance Municipal Income 2028 Term Trust Profile

Eaton Vance Municipal Income 2028 Term Trust is a closed ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invest in stocks of companies operating across the diversified sectors. It was previously known as Eaton Vance Municipal Income Term Trust.