Raymond James Financial Inc. purchased a new position in Eaton Vance Municipal Income Trust (NYSE:EVN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 674,318 shares of the investment management company's stock, valued at approximately $6,817,000. Raymond James Financial Inc. owned about 1.70% of Eaton Vance Municipal Income Trust as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Ackerman Capital Advisors LLC purchased a new position in Eaton Vance Municipal Income Trust in the fourth quarter worth about $142,000. Landscape Capital Management L.L.C. purchased a new position in Eaton Vance Municipal Income Trust in the 4th quarter worth approximately $150,000. one8zero8 LLC bought a new position in Eaton Vance Municipal Income Trust in the 4th quarter valued at approximately $182,000. HighTower Advisors LLC purchased a new stake in Eaton Vance Municipal Income Trust during the 3rd quarter valued at $231,000. Finally, Sanctuary Advisors LLC increased its holdings in shares of Eaton Vance Municipal Income Trust by 52.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 46,393 shares of the investment management company's stock worth $482,000 after purchasing an additional 16,000 shares in the last quarter.
Insider Buying and Selling
In related news, insider Cynthia Frost sold 15,000 shares of Eaton Vance Municipal Income Trust 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.
Eaton Vance Municipal Income Trust Trading Down 0.2 %
Shares of Eaton Vance Municipal Income Trust stock traded down $0.02 during trading on Monday, hitting $10.06. 39,808 shares of the company's stock traded hands, compared to its average volume of 102,237. Eaton Vance Municipal Income Trust has a 1 year low of $9.59 and a 1 year high of $11.31. The business has a 50-day simple moving average of $10.32 and a 200-day simple moving average of $10.38.
Eaton Vance Municipal Income Trust Dividend Announcement
The business also recently disclosed a monthly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 11th were given a dividend of $0.0513 per share. The ex-dividend date was Friday, April 11th. This represents a $0.62 dividend on an annualized basis and a yield of 6.12%.
About Eaton Vance Municipal Income Trust
(
Free Report)
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.
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