Eaton Vance Municipal Income Trust (NYSE:EVN) Shares Pass 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 Monday . The stock has a 200-day moving average of $10.58 and traded as high as $10.63. Eaton Vance Municipal Income Trust shares last traded at $10.60, with a volume of 101,319 shares trading hands.

Eaton Vance Municipal Income Trust Price Performance

The firm’s 50 day simple moving average is $10.26 and its 200-day simple moving average is $10.58.

Eaton Vance Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 24th. Investors of record on Thursday, February 13th will be paid a dividend of $0.0513 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.79%. The ex-dividend date is Thursday, February 13th.

Institutional Trading of Eaton Vance Municipal Income Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pathway Financial Advisers LLC grew its stake in Eaton Vance Municipal Income Trust by 997.0% during the third quarter. Pathway Financial Advisers LLC now owns 7,295 shares of the investment management company’s stock worth $80,000 after buying an additional 6,630 shares during the period. Horizon Kinetics Asset Management LLC acquired a new stake in shares of Eaton Vance Municipal Income Trust in the 3rd quarter worth about $110,000. Walleye Capital LLC acquired a new position in shares of Eaton Vance Municipal Income Trust during the fourth quarter worth approximately $114,000. Ackerman Capital Advisors LLC bought a new stake in Eaton Vance Municipal Income Trust during the fourth quarter worth approximately $142,000. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of Eaton Vance Municipal Income Trust in the 4th quarter worth $150,000.

Eaton Vance Municipal Income Trust Company Profile

Eaton Vance Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invests primarily in investment grade municipal obligations of various sectors, such as cogeneration, education, electric utilities, general obligations, healthcare, hospital, housing, transportation, and nursing home.