Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Announces Monthly Dividend of $0.08

by · The Markets Daily

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX – Get Free Report) declared a monthly dividend on Thursday, October 1st. Stockholders of record on Thursday, October 15th will be paid a dividend of $0.0782 per share by the investment management company on Friday, October 30th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Thursday, October 15th.

Eaton Vance Municipal Income 2028 Term Trust Price Performance

NYSE ETX opened at $17.48 on Friday. Eaton Vance Municipal Income 2028 Term Trust has a 52-week low of $17.11 and a 52-week high of $20.00. The firm has a 50-day moving average price of $18.04 and a 200 day moving average price of $18.51.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Anchor Investment Management LLC lifted its holdings in Eaton Vance Municipal Income 2028 Term Trust by 22.9% in the fourth quarter. Anchor Investment Management LLC now owns 13,400 shares of the investment management company’s stock valued at $251,000 after acquiring an additional 2,500 shares during the period. Kestra Advisory Services LLC grew its stake in shares of Eaton Vance Municipal Income 2028 Term Trust by 131.8% during the 1st quarter. Kestra Advisory Services LLC now owns 19,184 shares of the investment management company’s stock worth $352,000 after purchasing an additional 10,909 shares during the period. Royal Bank of Canada increased its holdings in shares of Eaton Vance Municipal Income 2028 Term Trust by 21.3% in the 1st quarter. Royal Bank of Canada now owns 34,900 shares of the investment management company’s stock valued at $641,000 after purchasing an additional 6,127 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Eaton Vance Municipal Income 2028 Term Trust by 4.6% in the first quarter. Bank of America Corp DE now owns 133,244 shares of the investment management company’s stock valued at $2,446,000 after purchasing an additional 5,909 shares during the period.

About Eaton Vance Municipal Income 2028 Term Trust

(Get Free Report)

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) is a closed-end management investment company. The trust seeks to provide current income that is exempt from regular federal income tax by investing primarily in municipal obligations issued by states, municipalities and other public entities.

The fund’s portfolio may include a range of tax-exempt securities, such as general obligation bonds, revenue bonds and other municipal debt. Its investment exposure can span issuers and projects across the United States, including public infrastructure and essential-service sectors.

ETX is a term trust designed to operate for a limited period and is scheduled to terminate in 2028, subject to the terms of its governing documents.

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