Eaton Vance New York Municipal Bond Fund (NYSE:ENX) Shares Up 1.3% Following Dividend Announcement

Shares of Eaton Vance New York Municipal Bond Fund (NYSE:ENX) rose 1.3% during mid-day trading on Friday following a dividend announcement from the company. The company traded as high as $9.59 and last traded at $9.58. Approximately 72,390 shares changed hands during trading, The stock had previously closed at $9.46.

The newly announced dividend which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.0417 per share. The ex-dividend date of this dividend is Wednesday, January 15th.

Eaton Vance New York Municipal Bond Fund Stock Performance

The business has a 50 day moving average of $9.72 and a 200-day moving average of $9.73.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. acquired 21,191 shares of Eaton Vance New York Municipal Bond Fund stock in a transaction that occurred on Thursday, November 7th. The stock was bought at an average price of $9.56 per share, with a total value of $202,585.96. Following the completion of the purchase, the insider now owns 3,090,895 shares in the company, valued at approximately $29,548,956.20. The trade was a 0.69 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders have acquired a total of 191,934 shares of company stock valued at $1,851,019 over the last quarter.

Institutional Investors Weigh In On Eaton Vance New York Municipal Bond Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Rivernorth Capital Management LLC increased its stake in Eaton Vance New York Municipal Bond Fund by 50.8% in the 3rd quarter. Rivernorth Capital Management LLC now owns 293,428 shares of the company’s stock worth $2,923,000 after acquiring an additional 98,897 shares during the last quarter. Wolverine Asset Management LLC grew its holdings in shares of Eaton Vance New York Municipal Bond Fund by 5,824.9% during the third quarter. Wolverine Asset Management LLC now owns 26,366 shares of the company’s stock worth $263,000 after purchasing an additional 25,921 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC bought a new position in shares of Eaton Vance New York Municipal Bond Fund in the third quarter worth approximately $243,000.

Eaton Vance New York Municipal Bond Fund Company Profile

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.