Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Stock Price Passes Above 50 Day Moving Average – Time to Sell?

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $18.78 and traded as high as $18.81. Eaton Vance Municipal Income 2028 Term Trust shares last traded at $18.80, with a volume of 34,270 shares traded.

Eaton Vance Municipal Income 2028 Term Trust Stock Up 0.8 %

The business has a 50 day moving average price of $18.78 and a 200-day moving average price of $18.57.

Eaton Vance Municipal Income 2028 Term Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 23rd will be issued a $0.078 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend is Wednesday, October 23rd.

Institutional Trading of Eaton Vance Municipal Income 2028 Term Trust

A hedge fund recently raised its stake in Eaton Vance Municipal Income 2028 Term Trust stock. Aviance Capital Partners LLC increased its position in shares of Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) by 10.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,148 shares of the investment management company’s stock after buying an additional 1,217 shares during the period. Aviance Capital Partners LLC’s holdings in Eaton Vance Municipal Income 2028 Term Trust were worth $235,000 at the end of the most recent reporting period.

About Eaton Vance Municipal Income 2028 Term Trust

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.