Eaton Vance Municipal Income Trust (NYSE:EVN) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

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 $10.77. Eaton Vance Municipal Income Trust shares last traded at $10.74, with a volume of 64,590 shares.

Eaton Vance Municipal Income Trust Price Performance

The business’s fifty day simple moving average is $10.58 and its 200 day simple moving average is $10.76.

Eaton Vance Municipal Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Friday, June 12th will be issued a $0.0513 dividend. The ex-dividend date is Friday, June 12th. This represents a c) dividend on an annualized basis and a yield of 5.7%.

Hedge Funds Weigh In On Eaton Vance Municipal Income Trust

A number of institutional investors have recently added to or reduced their stakes in the company. Guggenheim Capital LLC lifted its holdings in Eaton Vance Municipal Income Trust by 17.7% in the 4th quarter. Guggenheim Capital LLC now owns 957,988 shares of the investment management company’s stock worth $10,308,000 after buying an additional 143,896 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in Eaton Vance Municipal Income Trust by 17.4% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 948,250 shares of the investment management company’s stock worth $10,203,000 after buying an additional 140,792 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in Eaton Vance Municipal Income Trust by 3.2% in the 3rd quarter. Raymond James Financial Inc. now owns 823,277 shares of the investment management company’s stock worth $9,114,000 after buying an additional 25,682 shares in the last quarter. UBS Group AG lifted its holdings in Eaton Vance Municipal Income Trust by 0.4% in the 4th quarter. UBS Group AG now owns 399,755 shares of the investment management company’s stock worth $4,301,000 after buying an additional 1,737 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in Eaton Vance Municipal Income Trust by 1.2% in the 1st quarter. Bank of America Corp DE now owns 343,201 shares of the investment management company’s stock worth $3,573,000 after buying an additional 4,171 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.