Raymond James Financial Services Advisors Inc. Grows Position in Eaton Vance Municipal Income Trust (NYSE:EVN)

Raymond James Financial Services Advisors Inc. raised its position in Eaton Vance Municipal Income Trust (NYSE:EVN – Get Rating) by 14.4% in the third quarter, Holdings Channel reports. The fund owned 144,091 shares of the investment management company’s stock after buying an additional 18,157 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Eaton Vance Municipal Income Trust were worth $1,408,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Hallmark Capital Management Inc. purchased a new stake in shares of Eaton Vance Municipal Income Trust in the 2nd quarter valued at approximately $41,000. Wagner Wealth Management LLC acquired a new position in shares of Eaton Vance Municipal Income Trust during the second quarter worth $43,000. CWM LLC purchased a new position in Eaton Vance Municipal Income Trust in the second quarter valued at $59,000. Ronald Blue Trust Inc. purchased a new position in Eaton Vance Municipal Income Trust in the second quarter valued at $65,000. Finally, Citizens National Bank Trust Department raised its stake in Eaton Vance Municipal Income Trust by 14.3% in the second quarter. Citizens National Bank Trust Department now owns 8,000 shares of the investment management company’s stock valued at $88,000 after buying an additional 1,000 shares in the last quarter.

Eaton Vance Municipal Income Trust Stock Up 0.4 %

NYSE:EVN opened at $10.52 on Friday. Eaton Vance Municipal Income Trust has a 1 year low of $9.34 and a 1 year high of $12.95. The stock has a 50-day simple moving average of $10.11 and a 200-day simple moving average of $10.48.

Eaton Vance Municipal Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 20th. Stockholders of record on Friday, January 13th will be given a dividend of $0.041 per share. The ex-dividend date is Thursday, January 12th. This represents a $0.49 annualized dividend and a dividend yield of 4.68%.

Eaton Vance Municipal Income Trust Profile

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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.