Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Posted by on Oct 31st, 2024

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX – Get Free Report) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $18.77 and traded as low as $18.50. Eaton Vance Municipal Income 2028 Term Trust shares last traded at $18.50, with a volume of 14,715 shares trading hands.

Eaton Vance Municipal Income 2028 Term Trust Stock Up 0.2 %

The company’s 50 day moving average is $18.77 and its 200 day moving average is $18.62.

Eaton Vance Municipal Income 2028 Term Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 23rd will be issued a $0.078 dividend. The ex-dividend date of this dividend is Wednesday, October 23rd. This represents a $0.94 dividend on an annualized basis and a yield of 5.05%.

Institutional Investors Weigh In On Eaton Vance Municipal Income 2028 Term Trust

An institutional investor recently raised its position in Eaton Vance Municipal Income 2028 Term Trust stock. Van ECK Associates Corp increased its position in shares of Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX – Free Report) by 1.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 46,630 shares of the investment management company’s stock after purchasing an additional 700 shares during the quarter. Van ECK Associates Corp’s holdings in Eaton Vance Municipal Income 2028 Term Trust were worth $867,000 as of its most recent filing with the SEC.

About Eaton Vance Municipal Income 2028 Term Trust

(Get Free Report)

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.

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