Eaton Vance New York Municipal Bond Fund (NYSE:ENX) Shares Down 1.4% – Here’s Why

Eaton Vance New York Municipal Bond Fund (NYSE:ENX) shares fell 1.4% during trading on Friday . The stock traded as low as $9.56 and last traded at $9.53. 33,645 shares were traded during trading, an increase of 11% from the average session volume of 30,434 shares. The stock had previously closed at $9.66.

Eaton Vance New York Municipal Bond Fund Stock Performance

The company has a 50-day moving average of $9.73 and a 200 day moving average of $9.66.

Eaton Vance New York Municipal Bond Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.0417 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date of this dividend is Friday, March 14th.

Insider Transactions at Eaton Vance New York Municipal Bond Fund

In related news, major shareholder Saba Capital Management, L.P. purchased 18,861 shares of the company’s stock in a transaction dated Wednesday, March 19th. The stock was acquired at an average cost of $9.56 per share, for a total transaction of $180,311.16. Following the completion of the transaction, the insider now directly owns 3,531,342 shares of the company’s stock, valued at approximately $33,759,629.52. This trade represents a 0.54 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders have acquired 148,206 shares of company stock valued at $1,429,299.

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

Institutional investors have recently added to or reduced their stakes in the stock. Almitas Capital LLC raised its holdings in shares of Eaton Vance New York Municipal Bond Fund by 0.3% during the 4th quarter. Almitas Capital LLC now owns 698,195 shares of the company’s stock worth $6,654,000 after acquiring an additional 1,880 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of Eaton Vance New York Municipal Bond Fund by 2.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 80,513 shares of the company’s stock valued at $767,000 after purchasing an additional 2,300 shares during the period. Stifel Financial Corp increased its position 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 worth $137,000 after purchasing an additional 2,425 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Eaton Vance New York Municipal Bond Fund by 10.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 28,782 shares of the company’s stock worth $274,000 after purchasing an additional 2,713 shares during the period. Finally, Blue Bell Private Wealth Management LLC boosted its holdings in Eaton Vance New York Municipal Bond Fund by 73.4% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 8,509 shares of the company’s stock valued at $81,000 after purchasing an additional 3,602 shares during the last quarter.

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.