Eaton Vance Municipal Income Trust Announces Monthly Dividend of $0.05 (NYSE:EVN)

Eaton Vance Municipal Income Trust (NYSE:EVN) declared a monthly dividend on Monday, February 2nd. Stockholders of record on Friday, February 13th will be given a dividend of 0.0513 per share by the investment management company on Tuesday, February 24th. This represents a c) annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Friday, February 13th.

Eaton Vance Municipal Income Trust Trading Down 0.3%

EVN traded down $0.03 during trading hours on Tuesday, hitting $10.79. The stock had a trading volume of 1,413 shares, compared to its average volume of 77,523. Eaton Vance Municipal Income Trust has a 1 year low of $9.59 and a 1 year high of $11.23. The company’s fifty day simple moving average is $10.85 and its 200 day simple moving average is $10.82.

Institutional Trading of Eaton Vance Municipal Income Trust

Hedge funds and other institutional investors have recently modified their holdings of the business. Gridiron Partners LLC boosted its holdings in Eaton Vance Municipal Income Trust by 2,320.0% in the 3rd quarter. Gridiron Partners LLC now owns 924,331 shares of the investment management company’s stock worth $102,000 after buying an additional 886,136 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Eaton Vance Municipal Income Trust by 138.0% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 807,458 shares of the investment management company’s stock worth $8,939,000 after acquiring an additional 468,224 shares during the period. Whipplewood Advisors LLC boosted its holdings in shares of Eaton Vance Municipal Income Trust by 70,592.9% in the second quarter. Whipplewood Advisors LLC now owns 89,780 shares of the investment management company’s stock worth $918,000 after acquiring an additional 89,653 shares during the period. Raymond James Financial Inc. grew its position in shares of Eaton Vance Municipal Income Trust by 12.0% in the second quarter. Raymond James Financial Inc. now owns 797,595 shares of the investment management company’s stock valued at $8,159,000 after purchasing an additional 85,737 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Eaton Vance Municipal Income Trust by 14.1% during the 2nd quarter. Bank of America Corp DE now owns 342,870 shares of the investment management company’s stock valued at $3,508,000 after purchasing an additional 42,332 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.