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

Eaton Vance Municipal Income Trust (NYSE:EVN) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.76 and traded as high as $11.13. Eaton Vance Municipal Income Trust shares last traded at $11.10, with a volume of 42,643 shares.

Eaton Vance Municipal Income Trust Trading Up 0.4%

The business has a fifty day moving average of $10.71 and a 200-day moving average of $10.77.

Eaton Vance Municipal Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, June 24th. Investors of record on Friday, June 12th were issued a dividend of $0.0513 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date was Friday, June 12th.

Institutional Trading of Eaton Vance Municipal Income Trust

Large investors have recently added to or reduced their stakes in the stock. CENTRAL TRUST Co bought a new stake in shares of Eaton Vance Municipal Income Trust during the 4th quarter valued at about $54,000. First Trust Advisors LP bought a new position in Eaton Vance Municipal Income Trust in the first quarter worth about $105,000. Glen Eagle Advisors LLC purchased a new stake in Eaton Vance Municipal Income Trust in the fourth quarter worth about $111,000. &PARTNERS bought a new stake in Eaton Vance Municipal Income Trust during the 4th quarter valued at approximately $142,000. Finally, Coquina Private Wealth LLC purchased a new position in shares of Eaton Vance Municipal Income Trust during the 4th quarter worth approximately $143,000.

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.