Arkadios Wealth Advisors Makes New Investment in Eaton Vance Municipal Income Trust (NYSE:EVN)

Arkadios Wealth Advisors acquired a new stake in shares of Eaton Vance Municipal Income Trust (NYSE:EVN) during the second quarter, HoldingsChannel reports. The fund acquired 31,704 shares of the investment management company’s stock, valued at approximately $328,000.

A number of other hedge funds also recently made changes to their positions in EVN. InTrack Investment Management Inc raised its stake in Eaton Vance Municipal Income Trust by 76.4% during the 2nd quarter. InTrack Investment Management Inc now owns 94,013 shares of the investment management company’s stock worth $973,000 after acquiring an additional 40,712 shares during the period. Integrated Capital Management Inc. lifted its stake in shares of Eaton Vance Municipal Income Trust by 10.8% during the 2nd quarter. Integrated Capital Management Inc. now owns 18,323 shares of the investment management company’s stock valued at $190,000 after buying an additional 1,786 shares in the last quarter. Lynx Investment Advisory bought a new position in Eaton Vance Municipal Income Trust in the 2nd quarter worth $81,000. Cetera Advisors LLC boosted its holdings in Eaton Vance Municipal Income Trust by 66.2% in the 1st quarter. Cetera Advisors LLC now owns 18,894 shares of the investment management company’s stock worth $194,000 after buying an additional 7,528 shares during the period. Finally, Moloney Securities Asset Management LLC increased its stake in Eaton Vance Municipal Income Trust by 14.7% in the 1st quarter. Moloney Securities Asset Management LLC now owns 102,162 shares of the investment management company’s stock worth $1,047,000 after buying an additional 13,058 shares in the last quarter.

Eaton Vance Municipal Income Trust Price Performance

NYSE:EVN opened at $10.78 on Friday. The business’s 50-day simple moving average is $10.55 and its two-hundred day simple moving average is $10.26. Eaton Vance Municipal Income Trust has a 52 week low of $8.64 and a 52 week high of $10.87.

Eaton Vance Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, August 19th. Investors of record on Monday, August 12th were paid a dividend of $0.0513 per share. This represents a $0.62 annualized dividend and a yield of 5.71%. The ex-dividend date of this dividend was Monday, August 12th.

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.