Van ECK Associates Corp Grows Stake in Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX)

Van ECK Associates Corp grew its position in shares of Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) by 13.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,456 shares of the investment management company’s stock after purchasing an additional 9,281 shares during the period. Van ECK Associates Corp’s holdings in Eaton Vance Municipal Income 2028 Term Trust were worth $1,326,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ETX. 1607 Capital Partners LLC grew its position in Eaton Vance Municipal Income 2028 Term Trust by 268.8% in the third quarter. 1607 Capital Partners LLC now owns 105,116 shares of the investment management company’s stock worth $1,783,000 after acquiring an additional 76,615 shares in the last quarter. Wolverine Asset Management LLC grew its position in Eaton Vance Municipal Income 2028 Term Trust by 405.6% in the third quarter. Wolverine Asset Management LLC now owns 40,677 shares of the investment management company’s stock worth $690,000 after acquiring an additional 32,632 shares in the last quarter. Moors & Cabot Inc. purchased a new position in Eaton Vance Municipal Income 2028 Term Trust in the third quarter worth $314,000. Raymond James & Associates grew its position in Eaton Vance Municipal Income 2028 Term Trust by 98.5% in the third quarter. Raymond James & Associates now owns 32,606 shares of the investment management company’s stock worth $553,000 after acquiring an additional 16,183 shares in the last quarter. Finally, JGP Wealth Management LLC purchased a new position in Eaton Vance Municipal Income 2028 Term Trust in the fourth quarter worth $220,000.

Eaton Vance Municipal Income 2028 Term Trust Trading Up 0.4 %

Shares of NYSE:ETX opened at $18.39 on Friday. Eaton Vance Municipal Income 2028 Term Trust has a 52-week low of $16.36 and a 52-week high of $18.49. The firm has a fifty day moving average of $18.07 and a 200 day moving average of $17.71.

Eaton Vance Municipal Income 2028 Term Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 24th will be paid a $0.0782 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This is an increase from Eaton Vance Municipal Income 2028 Term Trust’s previous monthly dividend of $0.08. This represents a $0.94 annualized dividend and a yield of 5.10%.

Eaton Vance Municipal Income 2028 Term Trust Company Profile

Eaton Vance Municipal Income 2028 Term Trust is a closed ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invest in stocks of companies operating across the diversified sectors. It was previously known as Eaton Vance Municipal Income Term Trust.