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

Shares of Eaton Vance Municipal Income Trust (NYSE:EVN) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.76 and traded as high as $10.81. Eaton Vance Municipal Income Trust shares last traded at $10.7570, with a volume of 48,979 shares changing hands.

Eaton Vance Municipal Income Trust Stock Performance

The company has a 50-day moving average of $10.88 and a 200-day moving average of $10.77.

Eaton Vance Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Thursday, August 13th will be given a dividend of $0.0513 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) annualized dividend and a yield of 5.7%.

Institutional Trading of Eaton Vance Municipal Income Trust

Institutional investors and hedge funds have recently made changes to their positions in the stock. CENTRAL TRUST Co purchased a new stake in Eaton Vance Municipal Income Trust during the 4th quarter worth about $54,000. First Trust Advisors LP acquired a new stake in shares of Eaton Vance Municipal Income Trust during the 1st quarter worth about $105,000. Glen Eagle Advisors LLC purchased a new stake in shares of Eaton Vance Municipal Income Trust during the fourth quarter worth about $111,000. &PARTNERS acquired a new position in shares of Eaton Vance Municipal Income Trust in the fourth quarter valued at approximately $142,000. Finally, Coquina Private Wealth LLC acquired a new position in shares of Eaton Vance Municipal Income Trust in the fourth quarter valued at 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.