Advisors Asset Management Inc. Lowers Position in Eaton Vance Municipal Income Trust (NYSE:EVN)

Advisors Asset Management Inc. cut its stake in Eaton Vance Municipal Income Trust (NYSE:EVN) by 14.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 327,917 shares of the investment management company’s stock after selling 55,635 shares during the quarter. Advisors Asset Management Inc. owned 0.83% of Eaton Vance Municipal Income Trust worth $3,315,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of Eaton Vance Municipal Income Trust during the fourth quarter valued at approximately $6,817,000. Whipplewood Advisors LLC purchased a new stake in shares of Eaton Vance Municipal Income Trust during the fourth quarter valued at approximately $898,000. Van ECK Associates Corp increased its position in shares of Eaton Vance Municipal Income Trust by 30.6% during the fourth quarter. Van ECK Associates Corp now owns 296,961 shares of the investment management company’s stock valued at $3,002,000 after acquiring an additional 69,652 shares during the last quarter. InTrack Investment Management Inc increased its position in shares of Eaton Vance Municipal Income Trust by 93.1% during the fourth quarter. InTrack Investment Management Inc now owns 125,661 shares of the investment management company’s stock valued at $1,259,000 after acquiring an additional 60,577 shares during the last quarter. Finally, Noble Wealth Management PBC purchased a new stake in shares of Eaton Vance Municipal Income Trust during the fourth quarter valued at approximately $519,000.

Insider Buying and Selling at Eaton Vance Municipal Income Trust

In other Eaton Vance Municipal Income Trust news, insider Cynthia Frost sold 15,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was 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 Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by corporate insiders.

Eaton Vance Municipal Income Trust Stock Down 0.0 %

Shares of EVN opened at $10.40 on Friday. The stock has a 50 day moving average of $10.47 and a 200 day moving average of $10.56. Eaton Vance Municipal Income Trust has a 12 month low of $9.79 and a 12 month high of $11.31.

Eaton Vance Municipal Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, March 21st. Shareholders of record on Thursday, March 13th were issued a dividend of $0.0513 per share. This represents a $0.62 annualized dividend and a yield of 5.92%. The ex-dividend date of this dividend was Thursday, March 13th.

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.