Raymond James Financial Inc. purchased a new stake in shares of Eaton Vance Municipal Income Trust (NYSE:EVN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. 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 1.70% of Eaton Vance Municipal Income Trust at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of EVN. Noble Wealth Management PBC bought a new stake in Eaton Vance Municipal Income Trust during the fourth quarter valued at approximately $519,000. Whipplewood Advisors LLC bought a new stake in shares of Eaton Vance Municipal Income Trust during the 4th quarter valued at $898,000. Ackerman Capital Advisors LLC purchased a new stake in shares of Eaton Vance Municipal Income Trust in the 4th quarter worth $142,000. Rothschild Investment LLC raised its holdings in Eaton Vance Municipal Income Trust by 5.1% in the 4th quarter. Rothschild Investment LLC now owns 205,100 shares of the investment management company's stock worth $2,074,000 after purchasing an additional 10,000 shares during the period. Finally, Van ECK Associates Corp lifted its position in Eaton Vance Municipal Income Trust by 30.6% during the fourth quarter. Van ECK Associates Corp now owns 296,961 shares of the investment management company's stock valued at $3,002,000 after purchasing an additional 69,652 shares in the last quarter.
Insider Buying and Selling at Eaton Vance Municipal Income Trust
In other news, insider Cynthia Frost sold 15,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $10.65, for a total transaction of $159,750.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.00% of the company's stock.
Eaton Vance Municipal Income Trust Stock Performance
EVN traded down $0.05 during midday trading on Thursday, reaching $10.29. The company had a trading volume of 64,882 shares, compared to its average volume of 98,248. Eaton Vance Municipal Income Trust has a 1 year low of $9.79 and a 1 year high of $11.31. The business has a 50-day moving average of $10.50 and a two-hundred day moving average of $10.55.
Eaton Vance Municipal Income Trust Announces Dividend
The company also recently declared a monthly dividend, which was paid on Friday, March 21st. Shareholders of record on Thursday, March 13th were issued a dividend of $0.0513 per share. This represents a $0.62 annualized dividend and a yield of 5.99%. The ex-dividend date of this dividend was Thursday, March 13th.
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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