Eaton Vance Municipal Income Term Trust (NYSE:ETX), watched as a high level insider rose his positioning with the company through a transaction that was initiated earlier in the week and officially filed today, September 11th. Trustee Thomas E. Faust Jr. acquired 2,000 shares of common stock at an average price of $17.269 per share, and now has a total of 10,000 shares indirectly invested in the corporation.
Moreover, Eaton Vance Municipal Income Term Trust (NYSE:ETX) is a $191.41 million diversified, closed-end management investment company. The Trust’s investment objective is to provide current income exempt from federal income tax. The Trust will seek to achieve its investment objective by investing primarily in municipal obligations, which is a portion of which are investment grade and a portion of which are below investment grade at the time of investment.
Finally, at this time there are no hedge funds currently involved in the trust.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.