Melfa Wealth Management Inc. Has $4.54 Million Stake in Eaton Vance Municipal Income Trust (NYSE:EVN)

Melfa Wealth Management Inc. cut its holdings in shares of Eaton Vance Municipal Income Trust (NYSE:EVN) by 1.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 413,807 shares of the investment management company’s stock after selling 5,562 shares during the period. Eaton Vance Municipal Income Trust accounts for approximately 3.0% of Melfa Wealth Management Inc.’s holdings, making the stock its 5th biggest holding. Melfa Wealth Management Inc.’s holdings in Eaton Vance Municipal Income Trust were worth $4,539,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Van ECK Associates Corp lifted its stake in shares of Eaton Vance Municipal Income Trust by 2.1% in the 1st quarter. Van ECK Associates Corp now owns 305,456 shares of the investment management company’s stock valued at $3,131,000 after purchasing an additional 6,326 shares during the period. Janney Montgomery Scott LLC lifted its stake in Eaton Vance Municipal Income Trust by 0.7% in the first quarter. Janney Montgomery Scott LLC now owns 228,675 shares of the investment management company’s stock valued at $2,344,000 after buying an additional 1,544 shares during the period. Rothschild Investment LLC bought a new position in Eaton Vance Municipal Income Trust during the second quarter worth about $1,274,000. Moloney Securities Asset Management LLC boosted its stake in Eaton Vance Municipal Income Trust by 7.9% during the 2nd quarter. Moloney Securities Asset Management LLC now owns 110,253 shares of the investment management company’s stock worth $1,141,000 after acquiring an additional 8,091 shares during the last quarter. Finally, InTrack Investment Management Inc raised its holdings in Eaton Vance Municipal Income Trust by 76.4% in the second quarter. InTrack Investment Management Inc now owns 94,013 shares of the investment management company’s stock worth $973,000 after purchasing an additional 40,712 shares during the period.

Eaton Vance Municipal Income Trust Stock Performance

Eaton Vance Municipal Income Trust stock traded up $0.03 during mid-day trading on Thursday, hitting $10.87. 42,428 shares of the company’s stock were exchanged, compared to its average volume of 91,737. Eaton Vance Municipal Income Trust has a fifty-two week low of $8.64 and a fifty-two week high of $11.31. The company’s 50 day simple moving average is $10.89 and its 200-day simple moving average is $10.44.

Eaton Vance Municipal Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 11th will be paid a $0.0513 dividend. The ex-dividend date is Friday, October 11th. This represents a $0.62 dividend on an annualized basis and a yield of 5.66%.

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.