Eaton Vance New York Municipal Bond Fund (NYSE:ENX) Stock Price Down 0.1% – Time to Sell?

Eaton Vance New York Municipal Bond Fund (NYSE:ENX) was down 0.1% during mid-day trading on Friday . The stock traded as low as $9.56 and last traded at $9.65. Approximately 33,645 shares changed hands during mid-day trading, The stock had previously closed at $9.66.

Eaton Vance New York Municipal Bond Fund Stock Down 0.1 %

The firm’s 50 day moving average price is $9.64 and its 200-day moving average price is $9.69.

Eaton Vance New York Municipal Bond Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.0417 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.50 annualized dividend and a dividend yield of 5.19%.

Insider Transactions at Eaton Vance New York Municipal Bond Fund

In related news, major shareholder Saba Capital Management, L.P. acquired 20,694 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average price of $9.42 per share, for a total transaction of $194,937.48. Following the completion of the transaction, the insider now directly owns 3,256,627 shares in the company, valued at approximately $30,677,426.34. This trade represents a 0.64 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders have bought 169,493 shares of company stock worth $1,631,290.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp increased its holdings in Eaton Vance New York Municipal Bond Fund by 20.4% during the fourth quarter. Stifel Financial Corp now owns 14,328 shares of the company’s stock valued at $137,000 after buying an additional 2,425 shares during the last quarter. Guggenheim Capital LLC increased its holdings in Eaton Vance New York Municipal Bond Fund by 4.3% during the fourth quarter. Guggenheim Capital LLC now owns 382,325 shares of the company’s stock valued at $3,644,000 after buying an additional 15,868 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Eaton Vance New York Municipal Bond Fund during the fourth quarter valued at approximately $236,000. Envestnet Asset Management Inc. purchased a new stake in Eaton Vance New York Municipal Bond Fund during the fourth quarter valued at approximately $108,000. Finally, Sit Investment Associates Inc. increased its holdings in Eaton Vance New York Municipal Bond Fund by 12.3% during the fourth quarter. Sit Investment Associates Inc. now owns 2,453,413 shares of the company’s stock valued at $23,381,000 after buying an additional 268,586 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.