Advisors Asset Management Inc. Sells 24,419 Shares of Eaton Vance Municipal Income Trust (NYSE:EVN)

Advisors Asset Management Inc. decreased its holdings in shares of Eaton Vance Municipal Income Trust (NYSE:EVN) by 6.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 367,447 shares of the investment management company’s stock after selling 24,419 shares during the period. Advisors Asset Management Inc.’s holdings in Eaton Vance Municipal Income Trust were worth $3,766,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Quarry LP acquired a new stake in shares of Eaton Vance Municipal Income Trust in the fourth quarter valued at approximately $99,000. Wolverine Asset Management LLC increased its holdings in shares of Eaton Vance Municipal Income Trust by 50.6% in the fourth quarter. Wolverine Asset Management LLC now owns 13,049 shares of the investment management company’s stock valued at $128,000 after purchasing an additional 4,382 shares in the last quarter. Stonebrook Private Inc. acquired a new stake in shares of Eaton Vance Municipal Income Trust in the fourth quarter valued at approximately $130,000. Ethos Financial Group LLC acquired a new stake in shares of Eaton Vance Municipal Income Trust in the fourth quarter valued at approximately $164,000. Finally, Livelsberger Financial Advisory acquired a new stake in shares of Eaton Vance Municipal Income Trust in the fourth quarter valued at approximately $169,000.

Eaton Vance Municipal Income Trust Price Performance

EVN traded up $0.06 during trading on Friday, reaching $10.60. 100,666 shares of the company’s stock were exchanged, compared to its average volume of 90,796. The company’s fifty day moving average price is $10.26 and its 200-day moving average price is $10.15. Eaton Vance Municipal Income Trust has a fifty-two week low of $8.64 and a fifty-two week high of $10.64.

Eaton Vance Municipal Income Trust Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, July 18th. Investors of record on Thursday, July 11th were given a $0.0513 dividend. This is a boost from Eaton Vance Municipal Income Trust’s previous monthly dividend of $0.05. This represents a $0.62 annualized dividend and a yield of 5.81%. The ex-dividend date of this dividend was Thursday, July 11th.

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.