Wells Fargo & Company MN Decreases Stake in Eaton Vance Municipal Income Trust (NYSE:EVN)

Wells Fargo & Company MN trimmed its position in shares of Eaton Vance Municipal Income Trust (NYSE:EVN - Free Report) by 7.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 351,495 shares of the investment management company's stock after selling 29,902 shares during the period. Wells Fargo & Company MN owned about 0.89% of Eaton Vance Municipal Income Trust worth $3,554,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Ackerman Capital Advisors LLC acquired a new position in Eaton Vance Municipal Income Trust during the 4th quarter worth approximately $142,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Eaton Vance Municipal Income Trust during the 4th quarter worth $150,000. one8zero8 LLC acquired a new position in shares of Eaton Vance Municipal Income Trust during the fourth quarter worth $182,000. HighTower Advisors LLC purchased a new position in Eaton Vance Municipal Income Trust in the third quarter valued at $231,000. Finally, Sanctuary Advisors LLC raised its stake in 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 valued at $482,000 after buying an additional 16,000 shares in the last quarter.

Eaton Vance Municipal Income Trust Stock Up 0.1 %

Shares of NYSE EVN opened at $9.83 on Wednesday. The business has a 50-day moving average of $10.35 and a two-hundred day moving average of $10.40. Eaton Vance Municipal Income Trust has a 1 year low of $9.59 and a 1 year high of $11.31.

Eaton Vance Municipal Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 11th were issued a $0.0513 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 6.27%. The ex-dividend date of this dividend was Friday, April 11th.

Insider Activity at Eaton Vance Municipal Income Trust

In related news, insider Cynthia Frost sold 15,000 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $10.65, for a total value of $159,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

About Eaton Vance Municipal Income Trust

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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