Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Shares Set to Pay Monthly Dividend of $0.08

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) declared a monthly dividend on Thursday, October 1st. Shareholders of record on Thursday, October 15th will be given a dividend of $0.0782 per share by the investment management company on Friday, October 30th. This represents a $0.94 annualized dividend and a yield of 5.4%. The ex-dividend date is Thursday, October 15th.

Eaton Vance Municipal Income 2028 Term Trust Stock Performance

NYSE ETX opened at $17.48 on Friday. The stock’s 50-day moving average price is $18.04 and its two-hundred day moving average price is $18.51. Eaton Vance Municipal Income 2028 Term Trust has a 1 year low of $17.11 and a 1 year high of $20.00.

Hedge Funds Weigh In On Eaton Vance Municipal Income 2028 Term Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC lifted its stake in Eaton Vance Municipal Income 2028 Term Trust by 131.8% in the 1st quarter. Kestra Advisory Services LLC now owns 19,184 shares of the investment management company’s stock worth $352,000 after acquiring an additional 10,909 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Eaton Vance Municipal Income 2028 Term Trust by 21.3% in the first quarter. Royal Bank of Canada now owns 34,900 shares of the investment management company’s stock worth $641,000 after purchasing an additional 6,127 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Eaton Vance Municipal Income 2028 Term Trust by 4.6% during the first quarter. Bank of America Corp DE now owns 133,244 shares of the investment management company’s stock worth $2,446,000 after purchasing an additional 5,909 shares during the period. Finally, Anchor Investment Management LLC increased its stake in Eaton Vance Municipal Income 2028 Term Trust by 22.9% in the 4th quarter. Anchor Investment Management LLC now owns 13,400 shares of the investment management company’s stock valued at $251,000 after buying an additional 2,500 shares during the period.

Eaton Vance Municipal Income 2028 Term Trust Company Profile

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) is a closed-end management investment company. The trust seeks to provide current income that is exempt from regular federal income tax by investing primarily in municipal obligations issued by states, municipalities and other public entities.

The fund’s portfolio may include a range of tax-exempt securities, such as general obligation bonds, revenue bonds and other municipal debt. Its investment exposure can span issuers and projects across the United States, including public infrastructure and essential-service sectors.

ETX is a term trust designed to operate for a limited period and is scheduled to terminate in 2028, subject to the terms of its governing documents.