Eaton Vance Municipal Income Trust (NYSE:EVN) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Eaton Vance Municipal Income Trust (NYSE:EVN)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.58 and traded as high as $10.63. Eaton Vance Municipal Income Trust shares last traded at $10.60, with a volume of 101,319 shares trading hands.

Eaton Vance Municipal Income Trust Stock Up 1.5 %

The firm’s fifty day moving average price is $10.26 and its 200-day moving average price is $10.58.

Eaton Vance Municipal Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, February 24th. Shareholders of record on Thursday, February 13th will be issued a $0.0513 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 5.81%. The ex-dividend date is Thursday, February 13th.

Hedge Funds Weigh In On Eaton Vance Municipal Income Trust

Several hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James & Associates increased its holdings in Eaton Vance Municipal Income Trust by 0.4% during the 3rd quarter. Raymond James & Associates now owns 274,966 shares of the investment management company’s stock valued at $3,016,000 after purchasing an additional 1,210 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Eaton Vance Municipal Income Trust during the third quarter valued at approximately $816,000. Pathway Financial Advisers LLC raised its holdings in shares of Eaton Vance Municipal Income Trust by 997.0% during the third quarter. Pathway Financial Advisers LLC now owns 7,295 shares of the investment management company’s stock valued at $80,000 after acquiring an additional 6,630 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Eaton Vance Municipal Income Trust by 1.7% during the third quarter. Janney Montgomery Scott LLC now owns 234,205 shares of the investment management company’s stock valued at $2,569,000 after acquiring an additional 4,016 shares in the last quarter. Finally, Moloney Securities Asset Management LLC lifted its stake in Eaton Vance Municipal Income Trust by 16.7% in the third quarter. Moloney Securities Asset Management LLC now owns 128,633 shares of the investment management company’s stock worth $1,411,000 after acquiring an additional 18,380 shares during the period.

Eaton Vance Municipal Income Trust Company 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.