Eaton Vance Municipal Income Trust (NYSE:EVN) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Eaton Vance Municipal Income Trust (NYSE:EVN) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.92 and traded as high as $10.95. Eaton Vance Municipal Income Trust shares last traded at $10.9370, with a volume of 40,970 shares.

Eaton Vance Municipal Income Trust Stock Performance

The firm’s 50 day moving average is $10.92 and its 200-day moving average is $10.92.

Eaton Vance Municipal Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Friday, March 13th will be paid a dividend of $0.0513 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend is Friday, March 13th.

Institutional Investors Weigh In On Eaton Vance Municipal Income Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. CENTRAL TRUST Co acquired a new position in Eaton Vance Municipal Income Trust in the fourth quarter valued at $54,000. Objective Capital Management LLC purchased a new stake in Eaton Vance Municipal Income Trust in the 3rd quarter valued at about $111,000. Glen Eagle Advisors LLC purchased a new stake in Eaton Vance Municipal Income Trust in the 4th quarter valued at about $111,000. Belpointe Asset Management LLC acquired a new position in shares of Eaton Vance Municipal Income Trust during the 3rd quarter valued at about $138,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of 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 worth $129,000 after acquiring an additional 2,000 shares during the period.

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.