Cynthia Frost Sells 15,000 Shares of Eaton Vance Municipal Income Trust (NYSE:EVN) Stock

Eaton Vance Municipal Income Trust (NYSE:EVN) insider Cynthia Frost sold 15,000 shares of Eaton Vance Municipal Income Trust stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $10.65, for a total transaction of $159,750.00. The sale was disclosed in a document filed with the SEC, which is available at this link.

Eaton Vance Municipal Income Trust Stock Up 0.4 %

Shares of EVN opened at $10.71 on Thursday. Eaton Vance Municipal Income Trust has a 12 month low of $9.79 and a 12 month high of $11.31. The stock has a 50 day moving average of $10.36 and a 200 day moving average of $10.58.

Eaton Vance Municipal Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, March 21st. Shareholders of record on Thursday, March 13th will be paid a $0.0513 dividend. This represents a $0.62 annualized dividend and a yield of 5.75%. The ex-dividend date is Thursday, March 13th.

Institutional Investors Weigh In On Eaton Vance Municipal Income Trust

Hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in shares of Eaton Vance Municipal Income Trust in the 4th quarter worth approximately $6,817,000. Leigh Baldwin & CO. LLC bought a new position in Eaton Vance Municipal Income Trust in the 4th quarter valued at approximately $2,681,000. Whipplewood Advisors LLC purchased a new stake in shares of Eaton Vance Municipal Income Trust during the fourth quarter valued at $898,000. International Assets Investment Management LLC bought a new stake in shares of Eaton Vance Municipal Income Trust in the third quarter worth approximately $816,000. Finally, Van ECK Associates Corp boosted its stake in shares of Eaton Vance Municipal Income Trust by 30.6% in the 4th quarter. Van ECK Associates Corp now owns 296,961 shares of the investment management company’s stock worth $3,002,000 after buying an additional 69,652 shares during the last quarter.

About Eaton Vance Municipal Income Trust

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.