Eaton Vance New York Municipal Bond Fund (NYSE:ENX) Trading Up 0.7% – Should You Buy?

Eaton Vance New York Municipal Bond Fund (NYSE:ENX) shot up 0.7% during trading on Thursday . The company traded as high as $9.83 and last traded at $9.82. 39,984 shares changed hands during trading, The stock had previously closed at $9.75.

Eaton Vance New York Municipal Bond Fund Trading Up 0.7 %

The stock has a fifty day moving average of $9.92 and a two-hundred day moving average of $9.92.

Eaton Vance New York Municipal Bond Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 23rd will be paid a $0.0417 dividend. The ex-dividend date of this dividend is Wednesday, October 23rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.10%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ENX. Herold Advisors Inc. raised its stake in shares of Eaton Vance New York Municipal Bond Fund by 14.9% in the second quarter. Herold Advisors Inc. now owns 15,818 shares of the company’s stock worth $156,000 after acquiring an additional 2,053 shares during the last quarter. Tidal Investments LLC raised its position in Eaton Vance New York Municipal Bond Fund by 5.2% in the 1st quarter. Tidal Investments LLC now owns 33,500 shares of the company’s stock worth $325,000 after purchasing an additional 1,643 shares during the last quarter. Finally, Quarry LP lifted its holdings in Eaton Vance New York Municipal Bond Fund by 35.6% during the 4th quarter. Quarry LP now owns 39,600 shares of the company’s stock worth $382,000 after buying an additional 10,400 shares in the last quarter.

About Eaton Vance New York Municipal Bond Fund

Eaton Vance New York Municipal Bond Fund is a close-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in the fixed income market of United States. It invests primarily in high grade municipal obligations comprising of various industries, such as general obligations, hospital, electric utilities, transportation, water and sewer, public education, and private education.