Hennion & Walsh Asset Management Inc. Raises Stake in Eaton Vance Municipal Income Trust $EVN

Hennion & Walsh Asset Management Inc. boosted its holdings in Eaton Vance Municipal Income Trust (NYSE:EVN) by 138.0% during the third quarter, Holdings Channel.com reports. The firm owned 807,458 shares of the investment management company’s stock after acquiring an additional 468,224 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Eaton Vance Municipal Income Trust were worth $8,939,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in EVN. Gridiron Partners LLC lifted its holdings in shares of Eaton Vance Municipal Income Trust by 2,320.0% during the third quarter. Gridiron Partners LLC now owns 924,331 shares of the investment management company’s stock valued at $102,000 after purchasing an additional 886,136 shares during the last quarter. Abel Hall LLC purchased a new stake in shares of Eaton Vance Municipal Income Trust in the 2nd quarter worth approximately $102,000. PNC Financial Services Group Inc. increased its position in Eaton Vance Municipal Income Trust by 18.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 12,613 shares of the investment management company’s stock valued at $129,000 after buying an additional 2,000 shares in the last quarter. Sax Wealth Advisors LLC increased its position in Eaton Vance Municipal Income Trust by 37.1% during the 3rd quarter. Sax Wealth Advisors LLC now owns 13,997 shares of the investment management company’s stock valued at $155,000 after buying an additional 3,789 shares in the last quarter. Finally, Cary Street Partners Financial LLC purchased a new position in Eaton Vance Municipal Income Trust during the second quarter valued at $160,000.

Eaton Vance Municipal Income Trust Price Performance

Eaton Vance Municipal Income Trust stock opened at $10.70 on Tuesday. Eaton Vance Municipal Income Trust has a 12 month low of $9.59 and a 12 month high of $11.23. The business’s fifty day simple moving average is $10.90 and its two-hundred day simple moving average is $10.75.

Eaton Vance Municipal Income Trust Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, January 26th. Investors of record on Wednesday, January 14th will be given a dividend of $0.0513 per share. The ex-dividend date of this dividend is Wednesday, January 14th.

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.