Eaton Vance New York Municipal Bond Fund (NYSE:ENX) Trading Down 1.4% – What’s Next?

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

Eaton Vance New York Municipal Bond Fund Price Performance

The business 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 Dividend Announcement

The company 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 $0.0417 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.50 annualized dividend and a dividend yield of 5.23%.

Insider Buying and Selling

In other Eaton Vance New York Municipal Bond Fund news, major shareholder Saba Capital Management, L.P. purchased 18,861 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was purchased at an average cost of $9.56 per share, with a total value of $180,311.16. Following the purchase, the insider now owns 3,531,342 shares of the company’s stock, valued at approximately $33,759,629.52. The trade was a 0.54 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders bought 148,206 shares of company stock valued at $1,429,299.

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

Several hedge funds have recently bought and sold shares of the business. Blue Bell Private Wealth Management LLC boosted its stake in shares of Eaton Vance New York Municipal Bond Fund by 73.4% during the fourth 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 period. CF Capital LLC bought a new stake in Eaton Vance New York Municipal Bond Fund during the 4th quarter valued at about $95,000. Envestnet Asset Management Inc. purchased a new stake in Eaton Vance New York Municipal Bond Fund in the 4th quarter valued at about $108,000. Stifel Financial Corp boosted its position in Eaton Vance New York Municipal Bond Fund by 20.4% in the 4th 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 period. Finally, Wealthspire Advisors LLC grew its stake in Eaton Vance New York Municipal Bond Fund by 40.4% in the 4th quarter. Wealthspire Advisors LLC now owns 17,550 shares of the company’s stock worth $167,000 after acquiring an additional 5,050 shares in 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.