InTrack Investment Management Inc Expands Stock Holdings in Eaton Vance Municipal Income Trust

InTrack Investment Management Inc has significantly increased its stake in Eaton Vance Municipal Income Trust (NYSE:EVN - Free Report) by 93.1% during the fourth quarter. According to the latest filing with the Securities and Exchange Commission (SEC), the firm now holds 125,661 shares of this investment management entity, having acquired an additional 60,577 shares in the recent quarter. At the conclusion of the latest quarter, InTrack's ownership accounted for approximately 0.32% of Eaton Vance Municipal Income Trust, valued at around $1,259,000.

Other institutional investors and hedge funds have also been active in buying and selling shares of Eaton Vance Municipal Income Trust. For instance, International Assets Investment Management LLC made a new investment in the company during the third quarter, acquiring shares valued at $816,000. Similarly, Sanctuary Advisors LLC established a new stake in Eaton Vance Municipal Income Trust in the second quarter, worth approximately $299,000.

ProVise Management Group LLC increased its holdings by 31.5% during the second quarter, now owning 90,783 shares, which have a valuation of $940,000, thanks to an additional purchase of 21,750 shares. Moreover, HighTower Advisors LLC entered a new position in the fund during the third quarter, worth about $231,000. Another significant move was made by Moloney Securities Asset Management LLC, which raised its stake by 16.7% during the same period, taking its total to 128,633 shares valued at $1,411,000 after acquiring an additional 18,380 shares.

Eaton Vance Municipal Income Trust Price Performance

As of Friday, the stock price of EVN opened at $10.22. It has a 50-day simple moving average of $10.32 and a 200-day simple moving average of $10.58. Over the past twelve months, Eaton Vance Municipal Income Trust has seen a low of $9.68 and a high of $11.31.

Eaton Vance Municipal Income Trust Dividend Announcement

Recently, the firm announced a monthly dividend, to be distributed on Wednesday, January 22nd. Shareholders registered by Monday, January 13th, will receive a dividend payout of $0.0513 per share. This equates to an annualized dividend of $0.62 and a yield of 6.02%. The ex-dividend date is also set for Monday, January 13th.

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 investment-grade municipal obligations from various sectors, including education, healthcare, electric utilities, and transportation, among others.

Investment, Stocks, Capital