Robinson Capital Management LLC reduced its stake in shares of Eaton Vance Municipal Income Trust (NYSE:EVN - Free Report) by 11.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 402,506 shares of the investment management company's stock after selling 50,031 shares during the period. Eaton Vance Municipal Income Trust accounts for approximately 1.6% of Robinson Capital Management LLC's portfolio, making the stock its 23rd biggest holding. Robinson Capital Management LLC owned 1.01% of Eaton Vance Municipal Income Trust worth $4,069,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the stock. Van ECK Associates Corp raised its holdings 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 buying an additional 69,652 shares in the last quarter. Raymond James & Associates raised its holdings in Eaton Vance Municipal Income Trust by 0.4% during the third quarter. Raymond James & Associates now owns 274,966 shares of the investment management company's stock valued at $3,016,000 after buying an additional 1,210 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Eaton Vance Municipal Income Trust by 0.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 235,550 shares of the investment management company's stock valued at $2,381,000 after buying an additional 1,345 shares in the last quarter. Moloney Securities Asset Management LLC raised its holdings in Eaton Vance Municipal Income Trust by 8.8% during the fourth quarter. Moloney Securities Asset Management LLC now owns 139,942 shares of the investment management company's stock valued at $1,415,000 after buying an additional 11,309 shares in the last quarter. Finally, InTrack Investment Management Inc raised its holdings in Eaton Vance Municipal Income Trust by 93.1% during the fourth quarter. InTrack Investment Management Inc now owns 125,661 shares of the investment management company's stock valued at $1,259,000 after buying an additional 60,577 shares in the last quarter.
Eaton Vance Municipal Income Trust Price Performance
NYSE EVN traded up $0.03 during trading on Friday, hitting $10.73. 61,509 shares of the company traded hands, compared to its average volume of 101,200. Eaton Vance Municipal Income Trust has a 12 month low of $9.79 and a 12 month high of $11.31. The business has a fifty day simple moving average of $10.27 and a 200 day simple moving average of $10.58.
Eaton Vance Municipal Income Trust Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Monday, February 24th. Stockholders of record on Thursday, February 13th will be given a $0.0513 dividend. This represents a $0.62 annualized dividend and a dividend yield of 5.74%. The ex-dividend date of this dividend is Thursday, February 13th.
Eaton Vance Municipal Income Trust Company Profile
(
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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