Raymond James Financial Inc. Makes New $6.82 Million Investment in Eaton Vance Municipal Income Trust (NYSE:EVN)

Raymond James Financial Inc. acquired a new position in shares of Eaton Vance Municipal Income Trust (NYSE:EVN) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 674,318 shares of the investment management company’s stock, valued at approximately $6,817,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Noble Wealth Management PBC bought a new stake in Eaton Vance Municipal Income Trust during the 4th quarter worth approximately $519,000. Whipplewood Advisors LLC bought a new stake in Eaton Vance Municipal Income Trust during the 4th quarter worth approximately $898,000. Ackerman Capital Advisors LLC bought a new stake in Eaton Vance Municipal Income Trust during the 4th quarter worth approximately $142,000. Rothschild Investment LLC increased its holdings in Eaton Vance Municipal Income Trust by 5.1% during the 4th quarter. Rothschild Investment LLC now owns 205,100 shares of the investment management company’s stock worth $2,074,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in Eaton Vance Municipal Income Trust by 30.6% during the 4th quarter. Van ECK Associates Corp now owns 296,961 shares of the investment management company’s stock worth $3,002,000 after purchasing an additional 69,652 shares in the last quarter.

Eaton Vance Municipal Income Trust Price Performance

Shares of EVN opened at $10.40 on Monday. The stock has a 50 day moving average price of $10.47 and a two-hundred day moving average price of $10.56. Eaton Vance Municipal Income Trust has a 52 week low of $9.79 and a 52 week high of $11.31.

Eaton Vance Municipal Income Trust Dividend Announcement

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

Insider Activity

In other news, insider Cynthia Frost sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $10.65, for a total value of $159,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is currently owned by corporate insiders.

Eaton Vance Municipal Income Trust Company Profile

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.