Eaton Vance Municipal Income Trust Insider Sells Shares

On March 5th, Cynthia Frost, an insider at Eaton Vance Municipal Income Trust (NYSE:EVN - Get Free Report), completed the sale of 15,000 shares of the company. The shares were sold at an average price of $10.65, resulting in a total transaction value of $159,750. This transaction was reported in a filing with the Securities and Exchange Commission (SEC), which is available for public view.

Eaton Vance Municipal Income Trust Stock Performance

During the trading session on Wednesday, Eaton Vance Municipal Income Trust saw its shares increase by $0.03, bringing the stock price to $10.70. The trading volume for the day reached 37,708 shares, significantly lower than the average of 100,595 shares. Currently, the 50-day moving average price of the stock is $10.36, while the 200-day moving average stands at $10.58. Over the past year, the stock has recorded a low of $9.79 and a high of $11.31.

Dividend Announcement from Eaton Vance Municipal Income Trust

The company has announced a monthly dividend that is scheduled to be paid on March 21st. Shareholders who are on record as of March 13th will receive a dividend of $0.0513 per share. This translates to an annualized dividend of $0.62, resulting in a dividend yield of 5.76%. The ex-dividend date for this payment is also set for March 13th.

Activity of Hedge Funds Regarding Eaton Vance Municipal Income Trust

Recently, hedge funds have been active in the buying and selling of shares of Eaton Vance Municipal Income Trust. Horizon Kinetics Asset Management LLC acquired a new position in the trust during the third quarter amounting to approximately $110,000. In the fourth quarter, Walleye Capital LLC purchased a stake valued at about $114,000, while Ackerman Capital Advisors LLC also bought in at approximately $142,000. Landscape Capital Management L.L.C. and one8zero8 LLC further expanded their investments in the trust, investing around $150,000 and $182,000, respectively.

About Eaton Vance Municipal Income Trust

Eaton Vance Municipal Income Trust is a closed-end fixed income mutual fund that is managed by Eaton Vance Management. The fund primarily invests in the fixed income market, focusing on high-quality municipal obligations across a variety of sectors, including but not limited to education, healthcare, utilities, and transportation.

Investment Considerations

Before making any investment decisions regarding Eaton Vance Municipal Income Trust, it's important to assess the risks and potential returns carefully. Market analysts currently hold a Hold rating for the company, suggesting that it may not be the top recommendation at this time.

insider, stocks, dividend