Advisors Asset Management Inc. trimmed its position in shares of Eaton Vance Municipal Income Trust (NYSE:EVN - Free Report) by 14.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 327,917 shares of the investment management company's stock after selling 55,635 shares during the period. Advisors Asset Management Inc. owned 0.83% of Eaton Vance Municipal Income Trust worth $3,315,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of EVN. Horizon Kinetics Asset Management LLC acquired a new position in shares of Eaton Vance Municipal Income Trust during the third quarter worth approximately $110,000. HighTower Advisors LLC bought a new stake in Eaton Vance Municipal Income Trust during the 3rd quarter valued at $231,000. Stifel Financial Corp boosted its position in Eaton Vance Municipal Income Trust by 33.0% during the 3rd quarter. Stifel Financial Corp now owns 60,867 shares of the investment management company's stock worth $668,000 after acquiring an additional 15,101 shares during the period. Sanctuary Advisors LLC grew its stake in shares of Eaton Vance Municipal Income Trust by 52.6% in the third 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. Finally, Park Avenue Securities LLC grew its stake in shares of Eaton Vance Municipal Income Trust by 7.4% in the fourth quarter. Park Avenue Securities LLC now owns 100,354 shares of the investment management company's stock worth $1,015,000 after purchasing an additional 6,912 shares in the last quarter.
Insiders Place Their Bets
In other news, insider Cynthia Frost sold 15,000 shares of the business's 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.00% of the stock is owned by insiders.
Eaton Vance Municipal Income Trust Price Performance
Shares of NYSE EVN traded down $0.08 during midday trading on Wednesday, reaching $10.33. 78,967 shares of the company traded hands, compared to its average volume of 101,385. The stock has a 50-day moving average price of $10.50 and a 200 day moving average price of $10.55. Eaton Vance Municipal Income Trust has a 52 week low of $9.79 and a 52 week high of $11.31.
Eaton Vance Municipal Income Trust Dividend Announcement
The business also recently declared a monthly dividend, which was paid on Friday, March 21st. Shareholders of record on Thursday, March 13th were given a dividend of $0.0513 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.96%.
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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