Eaton Vance New York Municipal Income Trust Market cap
What is the Market cap of Eaton Vance New York Municipal Income Trust?
The Market cap of Eaton Vance New York Municipal Income Trust is $81.95M
What is the definition of Market cap?
Market capitalization is the market value at a point in time of the shares outstanding of a publicly traded company, being equal to the share price at that point of time times the number of shares outstanding.
= outstanding shares * previous day’s close
As outstanding stock is bought and sold in public markets, capitalization could be used as an indicator of public opinion of a company's net worth and is a determining factor in some forms of stock valuation.
Market capitalization is used by the investment community in ranking the size of companies, as opposed to sales or total asset figures. It is also used in ranking the relative size of stock exchanges, being a measure of the sum of the market capitalizations of all companies listed on each stock exchange. In performing such rankings, the market capitalizations are calculated at some significant date, such as 30 June or 31 December.
The total capitalization of stock markets or economic regions may be compared with other economic indicators. The total market capitalization of all publicly traded companies in the world was US$51.2 trillion in January 2007 and rose as high as US$57.5 trillion in May 2008 before dropping below US$50 trillion in August 2008 and slightly above US$40 trillion in September 2008. In 2014 and 2015, global market capitalization was US$68 trillion and US$67 trillion, respectively.
Market cap of companies in the Finance sector on NYSEMKT compared to Eaton Vance New York Municipal Income Trust
What does Eaton Vance New York Municipal Income Trust do?
Eaton Vance New York Municipal Income Trust is a non-diversified, closed-end management investment company. The Trust's investment objective is to provide current income exempt from regular federal income tax and taxes in its specified state. The Trust invests primarily in debt securities issued by New York municipalities. The Trust invests in various sectors, including cogeneration, electric utilities, escrowed/prerefunded, hospital, housing, industrial development revenue, water and sewer, special tax, real estate, toll road, healthcare-acute, transportation, student loan and senior living/life care. The Trust may invest in residual interest bonds, also referred to as inverse floating rate securities, whereby it may sell a variable or fixed rate bond for cash to a Special-Purpose Vehicle (the SPV), while at the same time, buying a residual interest in the assets and cash flows of the SPV. The Trust's investment advisor is Eaton Vance Management.
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