Eaton Vance New York Municipal Bond Fund (NYSE:ENX) Shares Up 1.8% – Here’s Why

Eaton Vance New York Municipal Bond Fund (NYSE:ENX)’s stock price shot up 1.8% during mid-day trading on Friday . The company traded as high as $9.51 and last traded at $9.64. 36,994 shares changed hands during trading, The stock had previously closed at $9.47.

Eaton Vance New York Municipal Bond Fund Stock Performance

The stock has a 50 day simple moving average of $9.56 and a 200 day simple moving average of $9.67.

Eaton Vance New York Municipal Bond Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a $0.0417 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.20%. The ex-dividend date is Wednesday, January 15th.

Insider Activity at Eaton Vance New York Municipal Bond Fund

In related news, major shareholder Saba Capital Management, L.P. purchased 7,708 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were bought at an average cost of $9.43 per share, with a total value of $72,686.44. Following the acquisition, the insider now owns 3,352,108 shares of the company’s stock, valued at $31,610,378.44. This trade represents a 0.23 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders purchased a total of 223,487 shares of company stock valued at $2,151,425 over the last quarter.

Hedge Funds Weigh In On Eaton Vance New York Municipal Bond Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Absolute Investment Advisers LLC acquired a new stake in Eaton Vance New York Municipal Bond Fund in the fourth quarter valued at approximately $1,318,000. 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 valued at $2,923,000 after buying an additional 98,897 shares during the last quarter. Wolverine Asset Management LLC lifted its holdings in 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 acquiring an additional 25,921 shares during the period. Horizon Kinetics Asset Management LLC bought a new stake in shares of Eaton Vance New York Municipal Bond Fund during the 3rd quarter worth $243,000. Finally, PFG Investments LLC boosted its stake in Eaton Vance New York Municipal Bond Fund by 34.9% in the fourth quarter. PFG Investments LLC now owns 25,306 shares of the company’s stock valued at $241,000 after acquiring an additional 6,540 shares during 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.