Van ECK Associates Corp Increases Stake in Eaton Vance Municipal Income Trust (NYSE:EVN)

Van ECK Associates Corp increased its holdings in Eaton Vance Municipal Income Trust (NYSE:EVN) by 30.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 296,961 shares of the investment management company’s stock after buying an additional 69,652 shares during the quarter. Van ECK Associates Corp owned about 0.75% of Eaton Vance Municipal Income Trust worth $3,002,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of EVN. Pathway Financial Advisers LLC increased its holdings in Eaton Vance Municipal Income Trust by 997.0% in the 3rd quarter. Pathway Financial Advisers LLC now owns 7,295 shares of the investment management company’s stock worth $80,000 after buying an additional 6,630 shares during the period. Horizon Kinetics Asset Management LLC acquired a new position in Eaton Vance Municipal Income Trust in the 3rd quarter worth approximately $110,000. HighTower Advisors LLC acquired a new position in Eaton Vance Municipal Income Trust in the 3rd quarter worth approximately $231,000. Sanctuary Advisors LLC increased its holdings in 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 buying an additional 16,000 shares during the period. Finally, Stifel Financial Corp increased its holdings in Eaton Vance Municipal Income Trust by 33.0% in the 3rd quarter. Stifel Financial Corp now owns 60,867 shares of the investment management company’s stock worth $668,000 after buying an additional 15,101 shares during the period.

Eaton Vance Municipal Income Trust Trading Up 0.1 %

Shares of NYSE:EVN opened at $10.68 on Friday. Eaton Vance Municipal Income Trust has a twelve month low of $9.79 and a twelve month high of $11.31. The company’s 50 day moving average is $10.26 and its 200 day moving average is $10.58.

Eaton Vance Municipal Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 24th. Stockholders of record on Thursday, February 13th will be paid a dividend of $0.0513 per share. The ex-dividend date is Thursday, February 13th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.76%.

Eaton Vance Municipal Income Trust Profile

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.