Eaton Vance Municipal Income Trust (NYSE:EVN) Stake Lifted by Raymond James & Associates

Raymond James & Associates increased its stake in Eaton Vance Municipal Income Trust (NYSE:EVN – Get Rating) by 51.7% in the 4th quarter, HoldingsChannel reports. The fund owned 390,059 shares of the investment management company’s stock after acquiring an additional 133,017 shares during the period. Raymond James & Associates’ holdings in Eaton Vance Municipal Income Trust were worth $3,850,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Park Avenue Securities LLC boosted its holdings in shares of Eaton Vance Municipal Income Trust by 3.5% in the fourth quarter. Park Avenue Securities LLC now owns 94,293 shares of the investment management company’s stock valued at $931,000 after acquiring an additional 3,206 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Eaton Vance Municipal Income Trust by 3.3% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 111,996 shares of the investment management company’s stock valued at $1,326,000 after purchasing an additional 3,554 shares during the last quarter. Belpointe Asset Management LLC acquired a new stake in Eaton Vance Municipal Income Trust during the fourth quarter valued at approximately $49,000. Kestra Advisory Services LLC lifted its stake in Eaton Vance Municipal Income Trust by 27.2% during the third quarter. Kestra Advisory Services LLC now owns 26,224 shares of the investment management company’s stock valued at $256,000 after purchasing an additional 5,613 shares during the last quarter. Finally, Goodwin Daniel L lifted its stake in Eaton Vance Municipal Income Trust by 16.7% during the fourth quarter. Goodwin Daniel L now owns 50,950 shares of the investment management company’s stock valued at $503,000 after purchasing an additional 7,300 shares during the last quarter.

Eaton Vance Municipal Income Trust Price Performance

EVN stock opened at $9.80 on Thursday. Eaton Vance Municipal Income Trust has a 12 month low of $9.34 and a 12 month high of $12.02. The firm has a 50 day simple moving average of $10.01 and a 200 day simple moving average of $10.12.

Eaton Vance Municipal Income Trust Announces Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, May 18th. Investors of record on Thursday, May 11th were given a $0.041 dividend. The ex-dividend date was Wednesday, May 10th. This represents a $0.49 annualized dividend and a dividend yield of 5.02%.

Eaton Vance Municipal Income Trust Company Profile

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Eaton Vance Municipal Income Trust is a non-diversified, closed-end management investment company. Its investment objective is to provide current income exempt from regular federal income tax. The company was founded on January 29, 1999 and is headquartered in Boston, MA.