Eaton Vance Municipal Income Trust Insider Sells Shares

Eaton Vance Municipal Income Trust (NYSE:EVN) recently saw insider Cynthia Frost sell 15,000 shares of the company's stock on Wednesday, March 5th. The shares were sold at an average price of $10.65 each, totaling a value of $159,750. This transaction was reported in a filing with the Securities and Exchange Commission (SEC), which provides transparency regarding insider trading activities.

Eaton Vance Municipal Income Trust Stock Performance

Following the sale, shares of Eaton Vance Municipal Income Trust experienced a slight increase, trading up $0.03 to $10.70 during the day’s session. The trading volume was reported at 37,708 shares, considerably lower than its average volume of 100,595 shares. Currently, the company's fifty-day moving average price stands at $10.36, while the 200-day moving average is $10.58. In the last twelve months, the stock has seen a low of $9.79 and a high of $11.31.

Upcoming Dividend Announcement

In addition to insider transactions, Eaton Vance Municipal Income Trust has announced a monthly dividend payment. This dividend will be disbursed on Friday, March 21st, to shareholders recorded by Thursday, March 13th. The dividend amount will be $0.0513 per share, translating to an annualized dividend of $0.62, which reflects a dividend yield of 5.76%. The ex-dividend date for this payment is also set for March 13th.

Investment Activity from Hedge Funds

Investment interest in Eaton Vance Municipal Income Trust has been observed among various hedge funds. Notable transactions include Horizon Kinetics Asset Management LLC acquiring a new stake during the third quarter, valued at approximately $110,000. Walleye Capital LLC and Ackerman Capital Advisors LLC also bought new stakes worth about $114,000 and $142,000, respectively, in the fourth quarter. Other funds such as Landscape Capital Management L.L.C. and one8zero8 LLC made purchases in the same period, with new positions valued at around $150,000 and $182,000.

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 markets, focusing on investment grade municipal obligations across various sectors, including education, healthcare, electric utilities, and more. This diversified approach aims to provide consistent returns for its investors while managing risk effectively.

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