Truist Financial Corp Lowers Stock Holdings in Eaton Vance Municipal Income Trust (NYSE:EVN)

Truist Financial Corp lowered its stake in shares of Eaton Vance Municipal Income Trust (NYSE:EVN) by 65.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,685 shares of the investment management company’s stock after selling 73,498 shares during the quarter. Truist Financial Corp’s holdings in Eaton Vance Municipal Income Trust were worth $400,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EVN. Van ECK Associates Corp lifted its position 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 valued at $3,131,000 after purchasing an additional 6,326 shares during the period. Janney Montgomery Scott LLC lifted its position in Eaton Vance Municipal Income Trust by 0.7% in the first quarter. Janney Montgomery Scott LLC now owns 228,675 shares of the investment management company’s stock valued at $2,344,000 after purchasing an additional 1,544 shares during the period. Rothschild Investment LLC acquired a new stake in Eaton Vance Municipal Income Trust in the second quarter valued at about $1,274,000. Moloney Securities Asset Management LLC lifted its position in Eaton Vance Municipal Income Trust by 7.9% in the second quarter. Moloney Securities Asset Management LLC now owns 110,253 shares of the investment management company’s stock valued at $1,141,000 after purchasing an additional 8,091 shares during the period. Finally, InTrack Investment Management Inc lifted its position in Eaton Vance Municipal Income Trust by 76.4% in the second quarter. InTrack Investment Management Inc now owns 94,013 shares of the investment management company’s stock valued at $973,000 after purchasing an additional 40,712 shares during the period.

Eaton Vance Municipal Income Trust Stock Performance

Shares of NYSE:EVN opened at $10.93 on Friday. Eaton Vance Municipal Income Trust has a 52 week low of $8.64 and a 52 week high of $11.31. The company has a 50-day moving average price of $10.90 and a 200 day moving average price of $10.44.

Eaton Vance Municipal Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 11th will be given a dividend of $0.0513 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.63%.

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.