Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Shares Cross Above 50 Day Moving Average of $18.02

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $18.02 and traded as high as $18.37. Eaton Vance Municipal Income 2028 Term Trust shares last traded at $18.31, with a volume of 80,261 shares.

Eaton Vance Municipal Income 2028 Term Trust Trading Up 1.1 %

The business has a fifty day moving average price of $18.02 and a two-hundred day moving average price of $17.65.

Eaton Vance Municipal Income 2028 Term Trust Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 23rd were issued a dividend of $0.078 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date was Monday, April 22nd.

Hedge Funds Weigh In On Eaton Vance Municipal Income 2028 Term Trust

A number of hedge funds have recently modified their holdings of the business. Aviance Capital Partners LLC grew its holdings in shares of Eaton Vance Municipal Income 2028 Term Trust by 10.2% during the 1st quarter. Aviance Capital Partners LLC now owns 13,148 shares of the investment management company’s stock worth $235,000 after purchasing an additional 1,217 shares during the period. Walter & Keenan Wealth Management LLC IN ADV boosted its holdings in Eaton Vance Municipal Income 2028 Term Trust by 2.3% during the 4th quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 105,688 shares of the investment management company’s stock valued at $1,833,000 after acquiring an additional 2,361 shares during the period. Anchor Investment Management LLC purchased a new position in Eaton Vance Municipal Income 2028 Term Trust during the 4th quarter valued at about $61,000. UBS Group AG boosted its holdings in Eaton Vance Municipal Income 2028 Term Trust by 2.7% during the 3rd quarter. UBS Group AG now owns 197,371 shares of the investment management company’s stock valued at $3,347,000 after acquiring an additional 5,133 shares during the period. Finally, Stratos Wealth Partners LTD. boosted its holdings in Eaton Vance Municipal Income 2028 Term Trust by 11.7% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 63,997 shares of the investment management company’s stock valued at $1,085,000 after acquiring an additional 6,724 shares during the period.

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.