Advisors Asset Management Inc. Sells 55,635 Shares of Eaton Vance Municipal Income Trust (NYSE:EVN)

Advisors Asset Management Inc. reduced its stake in Eaton Vance Municipal Income Trust (NYSE:EVN) by 14.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 327,917 shares of the investment management company’s stock after selling 55,635 shares during the period. Advisors Asset Management Inc.’s holdings in Eaton Vance Municipal Income Trust were worth $3,315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. one8zero8 LLC bought a new position in shares of Eaton Vance Municipal Income Trust in the fourth quarter worth $182,000. HighTower Advisors LLC raised its position in shares of Eaton Vance Municipal Income Trust by 14.4% in the fourth quarter. HighTower Advisors LLC now owns 24,148 shares of the investment management company’s stock worth $244,000 after buying an additional 3,035 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Eaton Vance Municipal Income Trust in the fourth quarter worth $6,817,000. Noble Wealth Management PBC purchased a new stake in shares of Eaton Vance Municipal Income Trust in the fourth quarter worth $519,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Eaton Vance Municipal Income Trust in the fourth quarter worth $898,000.

Insider Buying and Selling

In related news, insider Cynthia Frost sold 15,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $10.65, for a total value of $159,750.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.00% of the stock is currently owned by company insiders.

Eaton Vance Municipal Income Trust Trading Down 0.0 %

Shares of EVN stock opened at $10.40 on Friday. Eaton Vance Municipal Income Trust has a 52-week low of $9.79 and a 52-week high of $11.31. The business’s fifty day moving average is $10.47 and its 200 day moving average is $10.56.

Eaton Vance Municipal Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, March 21st. Investors of record on Thursday, March 13th were given a $0.0513 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.92%.

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.