HighTower Advisors LLC Buys 3,035 Shares of Eaton Vance Municipal Income Trust (NYSE:EVN)

HighTower Advisors LLC boosted its stake in shares of Eaton Vance Municipal Income Trust (NYSE:EVN) by 14.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,148 shares of the investment management company’s stock after acquiring an additional 3,035 shares during the quarter. HighTower Advisors LLC owned 0.06% of Eaton Vance Municipal Income Trust worth $244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Janney Montgomery Scott LLC boosted its stake in shares of 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 purchasing an additional 1,345 shares during the period. Park Avenue Securities LLC grew its holdings in Eaton Vance Municipal Income Trust by 7.4% in the 4th quarter. Park Avenue Securities LLC now owns 100,354 shares of the investment management company’s stock worth $1,015,000 after acquiring an additional 6,912 shares during the last quarter. Rothschild Investment LLC grew 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 acquiring an additional 10,000 shares during the last quarter. Moloney Securities Asset Management LLC increased its position in shares of Eaton Vance Municipal Income Trust by 8.8% in 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 acquiring an additional 11,309 shares during the period. Finally, Ackerman Capital Advisors LLC bought a new position in shares of Eaton Vance Municipal Income Trust during the fourth quarter valued at about $142,000.

Insider Activity

In other Eaton Vance Municipal Income Trust news, insider Cynthia Frost sold 15,000 shares of Eaton Vance Municipal Income Trust stock in a transaction dated 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. Insiders own 1.00% of the company’s stock.

Eaton Vance Municipal Income Trust Price Performance

NYSE EVN opened at $10.37 on Thursday. Eaton Vance Municipal Income Trust has a 1 year low of $9.79 and a 1 year high of $11.31. The business’s 50-day moving average is $10.50 and its 200 day moving average is $10.52.

Eaton Vance Municipal Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 11th will be given a $0.0513 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.94%.

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.