Eaton Vance Municipal Income Trust (NYSE:EVN) Shares Cross Above 200-Day Moving Average – Time to Sell?

Eaton Vance Municipal Income Trust (NYSE:EVN)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.79 and traded as high as $11.08. Eaton Vance Municipal Income Trust shares last traded at $11.0570, with a volume of 25,883 shares changing hands.

Eaton Vance Municipal Income Trust Price Performance

The business has a 50-day simple moving average of $10.88 and a 200-day simple moving average of $10.79.

Eaton Vance Municipal Income Trust Announces Dividend

The company 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. The ex-dividend date of this dividend is Tuesday, July 14th. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%.

Institutional Investors Weigh In On Eaton Vance Municipal Income Trust

Institutional investors and hedge funds have recently modified their holdings of the company. CENTRAL TRUST Co purchased a new position in Eaton Vance Municipal Income Trust during the 4th quarter valued at about $54,000. First Trust Advisors LP purchased a new stake in Eaton Vance Municipal Income Trust during the first quarter worth about $105,000. Glen Eagle Advisors LLC purchased a new stake in Eaton Vance Municipal Income Trust during the fourth quarter worth about $111,000. &PARTNERS acquired a new stake in shares of Eaton Vance Municipal Income Trust during the fourth quarter worth about $142,000. Finally, Coquina Private Wealth LLC acquired a new stake in shares of Eaton Vance Municipal Income Trust during the fourth quarter worth about $143,000.

Eaton Vance Municipal Income Trust Company Profile

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.