Raymond James & Associates Takes Position in Eaton Vance Municipal Income Trust (NYSE:EVN)

Raymond James & Associates acquired a new stake in Eaton Vance Municipal Income Trust (NYSE:EVN) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 18,155 shares of the investment management company’s stock, valued at approximately $205,000. Raymond James & Associates owned approximately 0.08% of Eaton Vance Municipal Income Trust at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. CWM LLC purchased a new position in shares of Eaton Vance Municipal Income Trust in the fourth quarter valued at about $36,000. Envestnet Asset Management Inc. purchased a new position in shares of Eaton Vance Municipal Income Trust during the third quarter valued at about $198,000. PNC Financial Services Group Inc. increased its position in shares of Eaton Vance Municipal Income Trust by 460.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 20,443 shares of the investment management company’s stock valued at $230,000 after buying an additional 16,794 shares during the period. Point View Wealth Management Inc. purchased a new position in shares of Eaton Vance Municipal Income Trust during the fourth quarter valued at about $462,000. Finally, David R. Rahn & Associates Inc. purchased a new position in shares of Eaton Vance Municipal Income Trust during the fourth quarter valued at about $503,000. Institutional investors and hedge funds own 20.41% of the company’s stock.

Shares of NYSE EVN traded down $0.03 during midday trading on Thursday, hitting $12.23. 50,006 shares of the company traded hands, compared to its average volume of 104,205. Eaton Vance Municipal Income Trust has a 12-month low of $10.74 and a 12-month high of $12.27.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, May 13th will be issued a $0.0474 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date is Friday, May 10th.

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About Eaton Vance Municipal Income Trust

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.

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Institutional Ownership by Quarter for Eaton Vance Municipal Income Trust (NYSE:EVN)

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