Merit Financial Group LLC Takes Position in Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX)

Merit Financial Group LLC bought a new stake in Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) in the fourth quarter, HoldingsChannel.com reports. The firm bought 13,129 shares of the investment management company’s stock, valued at approximately $231,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sanctuary Advisors LLC grew its holdings in Eaton Vance Municipal Income 2028 Term Trust by 18.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 78,933 shares of the investment management company’s stock worth $1,431,000 after acquiring an additional 12,250 shares in the last quarter. Anchor Investment Management LLC lifted its position in shares of Eaton Vance Municipal Income 2028 Term Trust by 85.7% during the 3rd quarter. Anchor Investment Management LLC now owns 6,500 shares of the investment management company’s stock worth $123,000 after purchasing an additional 3,000 shares during the last quarter. Stifel Financial Corp lifted its position in shares of Eaton Vance Municipal Income 2028 Term Trust by 8.4% during the 3rd quarter. Stifel Financial Corp now owns 42,650 shares of the investment management company’s stock worth $805,000 after purchasing an additional 3,300 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Eaton Vance Municipal Income 2028 Term Trust by 3.7% during the third quarter. Rockefeller Capital Management L.P. now owns 556,482 shares of the investment management company’s stock worth $10,506,000 after purchasing an additional 19,700 shares in the last quarter. Finally, Aviance Capital Partners LLC increased its holdings in Eaton Vance Municipal Income 2028 Term Trust by 6.4% in the third quarter. Aviance Capital Partners LLC now owns 14,685 shares of the investment management company’s stock valued at $277,000 after buying an additional 889 shares during the last quarter.

Eaton Vance Municipal Income 2028 Term Trust Stock Performance

Eaton Vance Municipal Income 2028 Term Trust stock opened at $18.17 on Monday. The stock’s fifty day moving average is $18.03 and its two-hundred day moving average is $18.47. Eaton Vance Municipal Income 2028 Term Trust has a 1-year low of $17.48 and a 1-year high of $19.44.

Eaton Vance Municipal Income 2028 Term Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.0782 per share. This represents a $0.94 annualized dividend and a dividend yield of 5.16%. The ex-dividend date is Wednesday, January 15th.

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.