Do Institutional Investors Hate Eaton Vance Municipal Income Trust (NYSE:EVN)?

November 10, 2018 - By Hazel Jackson

Sentiment for Eaton Vance Municipal Income Trust (NYSE:EVN)

Eaton Vance Municipal Income Trust (NYSE:EVN) institutional sentiment decreased to 1.06 in Q2 2018. Its down -0.65, from 1.71 in 2018Q1. The ratio dived, as 18 funds opened new or increased positions, while 17 cut down and sold holdings in Eaton Vance Municipal Income Trust. The funds in our partner’s database reported: 2.62 million shares, down from 3.28 million shares in 2018Q1. Also, the number of funds holding Eaton Vance Municipal Income Trust in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 8 Reduced: 9 Increased: 11 New Position: 7.

Eaton Vance Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Eaton Vance Management. The company has market cap of $263.51 million. It invests in the fixed income markets. It has a 45.22 P/E ratio. 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.

It closed at $11.08 lastly. It is down 7.08% since November 10, 2017 and is downtrending. It has underperformed by 22.70% the S&P500.

Robinson Capital Management Llc holds 1.78% of its portfolio in Eaton Vance Municipal Income Tr for 517,427 shares. Mariner Investment Group Llc owns 47,256 shares or 1.2% of their US portfolio. Moreover, 1607 Capital Partners Llc has 0.18% invested in the company for 264,700 shares. The New York-based Karpus Management Inc. has invested 0.06% in the stock. Guggenheim Capital Llc, a Illinois-based fund reported 504,789 shares.

Another recent and important Eaton Vance Municipal Income Tr (NYSE:EVN) news was published by Seekingalpha.com which published an article titled: “Eaton Vance declares monthly distributions on municipal and taxable bond funds” on November 02, 2018.

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