Eaton Vance Municipal Income 2028 Term Trust (ETX) to Distribute Monthly Dividend of $0.08 on July 31st

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) announced a monthly dividend on Wednesday, July 1st. Shareholders of record on Wednesday, July 15th will be paid a dividend of 0.0782 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date is Wednesday, July 15th.

Eaton Vance Municipal Income 2028 Term Trust Trading Up 0.4%

ETX opened at $18.72 on Friday. The stock has a 50-day moving average price of $18.85 and a 200-day moving average price of $18.81. Eaton Vance Municipal Income 2028 Term Trust has a 12-month low of $18.00 and a 12-month high of $20.00.

Institutional Trading of Eaton Vance Municipal Income 2028 Term Trust

Several hedge funds and other institutional investors have recently bought and sold shares of ETX. Kestra Advisory Services LLC bought a new position in Eaton Vance Municipal Income 2028 Term Trust during the fourth quarter valued at approximately $155,000. Clark Capital Management Group Inc. purchased a new stake in shares of Eaton Vance Municipal Income 2028 Term Trust in the 4th quarter valued at $187,000. Mutual Advisors LLC purchased a new stake in shares of Eaton Vance Municipal Income 2028 Term Trust in the 4th quarter valued at $204,000. Anchor Investment Management LLC grew its holdings in shares of Eaton Vance Municipal Income 2028 Term Trust by 16.0% during the 3rd quarter. Anchor Investment Management LLC now owns 10,900 shares of the investment management company’s stock valued at $210,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Stratos Wealth Partners LTD. bought a new position in shares of Eaton Vance Municipal Income 2028 Term Trust during the 4th quarter valued at $246,000.

About Eaton Vance Municipal Income 2028 Term Trust

Eaton Vance Municipal Income 2028 Term Trust (NYSE: ETX) is a closed-end management investment company that seeks to provide a high level of current income exempt from federal income tax. The trust primarily invests in investment-grade municipal securities that mature on or before the trust’s termination date in 2028, focusing on debt issued by state and local governments, authorities, and agencies across the United States.

The portfolio is diversified across sectors such as transportation, education, healthcare, utilities, and general purpose obligations, with the goal of managing credit risk and preserving capital.