Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Stock Passes Below 50 Day Moving Average – Should You Sell?

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX)’s stock price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $18.74 and traded as low as $18.52. Eaton Vance Municipal Income 2028 Term Trust shares last traded at $18.65, with a volume of 16,163 shares.

Eaton Vance Municipal Income 2028 Term Trust Trading Down 0.1 %

The company has a fifty day moving average of $18.74 and a 200 day moving average of $18.65.

Eaton Vance Municipal Income 2028 Term Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be issued a dividend of $0.0782 per share. This is a boost from Eaton Vance Municipal Income 2028 Term Trust’s previous monthly dividend of $0.08. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.94 annualized dividend and a yield of 5.03%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Aviance Capital Partners LLC increased its holdings in shares of Eaton Vance Municipal Income 2028 Term Trust by 6.4% in the third quarter. Aviance Capital Partners LLC now owns 14,685 shares of the investment management company’s stock valued at $277,000 after buying an additional 889 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Eaton Vance Municipal Income 2028 Term Trust by 1.5% in the third quarter. Van ECK Associates Corp now owns 46,630 shares of the investment management company’s stock valued at $867,000 after buying an additional 700 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of Eaton Vance Municipal Income 2028 Term Trust in the second quarter valued at $1,204,000.

About Eaton Vance Municipal Income 2028 Term Trust

Eaton Vance Municipal Income 2028 Term Trust is a closed ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invest in stocks of companies operating across the diversified sectors. It was previously known as Eaton Vance Municipal Income Term Trust.