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

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 $10.78 and traded as high as $11.08. Eaton Vance Municipal Income Trust shares last traded at $11.0450, with a volume of 108,959 shares changing hands.

Eaton Vance Municipal Income Trust Price Performance

The firm has a 50-day simple moving average of $10.82 and a 200 day simple moving average of $10.78.

Eaton Vance Municipal Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, July 24th. Investors of record on Tuesday, July 14th will be issued a dividend of $0.0513 per share. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Tuesday, July 14th.

Institutional Trading of Eaton Vance Municipal Income Trust

Several large investors have recently bought and sold shares of EVN. Hennion & Walsh Asset Management Inc. raised its stake in shares of Eaton Vance Municipal Income Trust by 17.4% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 948,250 shares of the investment management company’s stock valued at $10,203,000 after purchasing an additional 140,792 shares during the period. InTrack Investment Management Inc lifted its position in shares of Eaton Vance Municipal Income Trust by 85.7% during the fourth quarter. InTrack Investment Management Inc now owns 64,991 shares of the investment management company’s stock worth $699,000 after purchasing an additional 29,990 shares in the last quarter. Meadowbrook Wealth Management LLC boosted its stake in shares of Eaton Vance Municipal Income Trust by 4.2% in the fourth quarter. Meadowbrook Wealth Management LLC now owns 28,286 shares of the investment management company’s stock valued at $304,000 after purchasing an additional 1,130 shares during the period. Westview Management dba Westview Investment Advisors purchased a new position in shares of Eaton Vance Municipal Income Trust in the fourth quarter valued at $408,000. Finally, World Investment Advisors grew its holdings in Eaton Vance Municipal Income Trust by 6.4% during the 4th quarter. World Investment Advisors now owns 36,579 shares of the investment management company’s stock valued at $394,000 after purchasing an additional 2,196 shares in the last quarter.

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.