Eaton Vance Municipal Income Trust (NYSE:EVN) Stock Position Lifted by ProVise Management Group LLC

ProVise Management Group LLC boosted its position in shares of Eaton Vance Municipal Income Trust (NYSE:EVN) by 5.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 97,623 shares of the investment management company’s stock after buying an additional 4,673 shares during the quarter. ProVise Management Group LLC’s holdings in Eaton Vance Municipal Income Trust were worth $987,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of EVN. one8zero8 LLC acquired a new stake in Eaton Vance Municipal Income Trust during the fourth quarter valued at approximately $182,000. HighTower Advisors LLC lifted its stake in Eaton Vance Municipal Income Trust by 14.4% during the fourth quarter. HighTower Advisors LLC now owns 24,148 shares of the investment management company’s stock valued at $244,000 after purchasing an additional 3,035 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Eaton Vance Municipal Income Trust during the fourth quarter valued at approximately $6,817,000. Noble Wealth Management PBC acquired a new stake in Eaton Vance Municipal Income Trust during the fourth quarter valued at approximately $519,000. Finally, Whipplewood Advisors LLC acquired a new stake in Eaton Vance Municipal Income Trust during the fourth quarter valued at approximately $898,000.

Eaton Vance Municipal Income Trust Price Performance

EVN stock opened at $10.24 on Thursday. Eaton Vance Municipal Income Trust has a 12 month low of $9.79 and a 12 month high of $11.31. The firm has a 50 day simple moving average of $10.46 and a 200 day simple moving average of $10.56.

Eaton Vance Municipal Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, March 21st. Investors of record on Thursday, March 13th will be paid a dividend of $0.0513 per share. This represents a $0.62 annualized dividend and a yield of 6.01%. The ex-dividend date is Thursday, March 13th.

Insider Activity at Eaton Vance Municipal Income Trust

In related news, insider Cynthia Frost sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $10.65, for a total value of $159,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is owned by insiders.

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.