Park Avenue Securities LLC Lowers Stock Holdings in Eaton Vance Municipal Income Trust (NYSE:EVN)

Park Avenue Securities LLC lowered its stake in Eaton Vance Municipal Income Trust (NYSE:EVN) by 4.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 93,442 shares of the investment management company’s stock after selling 4,696 shares during the period. Park Avenue Securities LLC’s holdings in Eaton Vance Municipal Income Trust were worth $1,025,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cetera Advisors LLC boosted its holdings in Eaton Vance Municipal Income Trust by 66.2% in the first quarter. Cetera Advisors LLC now owns 18,894 shares of the investment management company’s stock worth $194,000 after acquiring an additional 7,528 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in Eaton Vance Municipal Income Trust during the 4th quarter valued at about $204,000. Quarry LP bought a new stake in Eaton Vance Municipal Income Trust during the 4th quarter valued at about $99,000. Van ECK Associates Corp raised its holdings in Eaton Vance Municipal Income Trust by 2.1% in the first quarter. Van ECK Associates Corp now owns 305,456 shares of the investment management company’s stock worth $3,131,000 after buying an additional 6,326 shares during the last quarter. Finally, Arkadios Wealth Advisors bought a new position in shares of Eaton Vance Municipal Income Trust in the second quarter worth approximately $328,000.

Eaton Vance Municipal Income Trust Price Performance

Shares of EVN opened at $10.99 on Wednesday. Eaton Vance Municipal Income Trust has a twelve month low of $8.64 and a twelve month high of $11.31. The firm has a 50 day moving average of $10.86 and a 200 day moving average of $10.41.

Eaton Vance Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 11th will be issued a $0.0513 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.60%. The ex-dividend date is Friday, October 11th.

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.