Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) 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.

Eaton Vance Municipal Income 2028 Term Trust Price Performance

The firm’s fifty day simple moving average is $18.77 and its 200-day simple 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. Investors of record on Wednesday, October 23rd will be paid a $0.078 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date is Wednesday, October 23rd.

Hedge Funds 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 grew its stake in Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,630 shares of the investment management company’s stock after acquiring 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 at the end of the most recent quarter.

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.