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EVN
Upturn stock ratingUpturn stock rating

Eaton Vance Municipal Income Closed Fund (EVN)

Upturn stock ratingUpturn stock rating
$10.23
Last Close (24-hour delay)
upturn advisory
PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
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  • WEEK

Upturn Advisory Summary

06/30/2025: EVN (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $

1 Year Target Price $

Analysts Price Target For last 52 week
$Target price
Low$
Current$10.23
high$

Analysis of Past Performance

Type Stock
Historic Profit 0%
Avg. Invested days 0
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 1.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/30/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 406.59M USD
Price to earnings Ratio 11.02
1Y Target Price -
Price to earnings Ratio 11.02
1Y Target Price -
Volume (30-day avg) -
Beta 0.6
52 Weeks Range 9.59 - 11.31
Updated Date 06/29/2025
52 Weeks Range 9.59 - 11.31
Updated Date 06/29/2025
Dividends yield (FY) 6.01%
Basic EPS (TTM) 0.93

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 128.84%
Operating Margin (TTM) 85.13%

Management Effectiveness

Return on Assets (TTM) 2.4%
Return on Equity (TTM) 8.21%

Valuation

Trailing PE 11.02
Forward PE -
Enterprise Value 586141568
Price to Sales(TTM) 14.24
Enterprise Value 586141568
Price to Sales(TTM) 14.24
Enterprise Value to Revenue 15.2
Enterprise Value to EBITDA -
Shares Outstanding 39667200
Shares Floating -
Shares Outstanding 39667200
Shares Floating -
Percent Insiders -
Percent Institutions 20.57

Analyst Ratings

Rating -
Target Price -
Buy -
Strong Buy -
Buy -
Strong Buy -
Hold -
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Eaton Vance Municipal Income Closed Fund

stock logo

Company Overview

overview logo History and Background

Eaton Vance Municipal Income Trust was founded to provide investors with income exempt from federal income tax by investing in municipal securities. The fund has been actively managed to adapt to market changes.

business area logo Core Business Areas

  • Municipal Bond Investments: Invests in a diversified portfolio of municipal bonds to generate income exempt from federal income tax.

leadership logo Leadership and Structure

Eaton Vance is part of Morgan Stanley Investment Management. The portfolio is managed by experienced investment professionals specializing in municipal bond markets.

Top Products and Market Share

overview logo Key Offerings

  • Municipal Income Fund: Provides income exempt from federal income tax through investment in municipal bonds. Market share data is difficult to determine precisely for individual closed-end funds, as market share is more relevant at the asset management firm level (Morgan Stanley). Competitors include Nuveen, BlackRock, and Franklin Templeton funds focusing on municipal bonds.

Market Dynamics

industry overview logo Industry Overview

The municipal bond market is influenced by interest rates, credit ratings, and tax law changes. Demand is driven by investors seeking tax-exempt income.

Positioning

Eaton Vance Municipal Income Trust is positioned as a provider of tax-exempt income, appealing to investors in higher tax brackets. Competitive advantages lie in the expertise of its management team and established track record.

Total Addressable Market (TAM)

The TAM for municipal bonds is multi-trillion. Eaton Vance is positioned to capture a share of this market through its expertise and established brand.

Upturn SWOT Analysis

Strengths

  • Experienced management team
  • Established track record
  • Diversified portfolio of municipal bonds
  • Tax-exempt income for investors

Weaknesses

  • Sensitivity to interest rate changes
  • Credit risk of municipal bonds
  • Market volatility can impact NAV
  • Reliance on single investment strategy

Opportunities

  • Increasing demand for tax-exempt income
  • Potential for capital appreciation in a favorable interest rate environment
  • Expansion into new municipal bond sectors
  • Increased marketing to attract new investors

Threats

  • Rising interest rates
  • Credit downgrades of municipal bonds
  • Changes in tax laws reducing the attractiveness of tax-exempt income
  • Increased competition from other municipal bond funds

Competitors and Market Share

competitor logo Key Competitors

  • Nuveen AMT-Free Quality Municipal Income Fund (NEA)
  • BlackRock Municipal Income Trust (BFK)
  • Franklin Universal Trust (FT)
  • Invesco Municipal Opportunity Trust (VMO)

Competitive Landscape

The fund's advantage lies in its experienced management. Disadvantages may include a higher expense ratio compared to some competitors.

Growth Trajectory and Initiatives

Historical Growth: Historical growth is tied to performance of the municipal bond market and the fund's ability to generate income.

Future Projections: Future projections depend on economic conditions and interest rate forecasts.

Recent Initiatives: Recent initiatives may include adjustments to the portfolio to adapt to changing market conditions.

Summary

Eaton Vance Municipal Income Trust offers tax-exempt income to investors through a portfolio of municipal bonds. Its strength lies in its experienced management team. However, the fund is exposed to interest rate risk and credit risk. Future performance hinges on the health of the municipal bond market and the fund's ability to generate consistent income.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Eaton Vance Website
  • SEC Filings
  • Financial News Outlets
  • Morningstar

Disclaimers:

This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be based on individual circumstances and consultation with a qualified financial advisor. Market share data is estimated.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Eaton Vance Municipal Income Closed Fund

Exchange NYSE
Headquaters Boston, MA, United States
IPO Launch date 1999-01-27
CEO -
Sector Financial Services
Industry Asset Management
Full time employees -
Full time employees -

Eaton Vance Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. 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. Eaton Vance Municipal Income Trust was formed in 1998 and is domiciled in United States.