First Trust Advisors LP Trims Stake in Eaton Vance Municipal Income Trust (NYSE:EVN)

First Trust Advisors LP cut its stake in shares of Eaton Vance Municipal Income Trust (NYSE:EVN) by 13.2% in the 4th quarter, Holdings Channel reports. The fund owned 10,719 shares of the investment management company’s stock after selling 1,634 shares during the quarter. First Trust Advisors LP’s holdings in Eaton Vance Municipal Income Trust were worth $108,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Walleye Capital LLC purchased a new stake in shares of Eaton Vance Municipal Income Trust during the 4th quarter worth $114,000. Ackerman Capital Advisors LLC acquired a new stake in Eaton Vance Municipal Income Trust during the 4th quarter valued at $142,000. Landscape Capital Management L.L.C. acquired a new position in Eaton Vance Municipal Income Trust in the 4th quarter valued at about $150,000. one8zero8 LLC acquired a new position in shares of Eaton Vance Municipal Income Trust in the fourth quarter valued at approximately $182,000. Finally, HighTower Advisors LLC lifted its stake in shares of Eaton Vance Municipal Income Trust by 14.4% during the 4th quarter. HighTower Advisors LLC now owns 24,148 shares of the investment management company’s stock worth $244,000 after purchasing an additional 3,035 shares during the period.

Insiders Place Their Bets

In related news, insider Cynthia Frost sold 15,000 shares of the firm’s stock in a transaction dated 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 filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by insiders.

Eaton Vance Municipal Income Trust Price Performance

Shares of NYSE:EVN opened at $10.41 on Monday. The stock’s 50-day moving average price is $10.23 and its two-hundred day moving average price is $10.34. Eaton Vance Municipal Income Trust has a 12-month low of $9.59 and a 12-month high of $11.31.

Eaton Vance Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th will be paid a dividend of $0.0513 per share. The ex-dividend date is Tuesday, May 13th. This represents a $0.62 annualized dividend and a dividend yield of 5.91%.

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.