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

Shares of Eaton Vance New York Municipal Bond Fund (NYSE:ENX) were up 1.3% 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 were traded 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 Price Performance

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

Insider Buying and Selling at Eaton Vance New York Municipal Bond Fund

In other Eaton Vance New York Municipal Bond Fund news, major shareholder Saba Capital Management, L.P. bought 3,602 shares of Eaton Vance New York Municipal Bond Fund stock in a transaction on Wednesday, December 4th. The stock was acquired at an average cost of $9.94 per share, with a total value of $35,803.88. Following the completion of the acquisition, the insider now owns 3,156,613 shares in the company, valued at approximately $31,376,733.22. This represents a 0.11 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have purchased 191,934 shares of company stock worth $1,851,019.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Horizon Kinetics Asset Management LLC purchased a new stake in shares of Eaton Vance New York Municipal Bond Fund in the 3rd quarter worth $243,000. Wolverine Asset Management LLC increased its position in Eaton Vance New York Municipal Bond Fund by 5,824.9% in the third quarter. Wolverine Asset Management LLC now owns 26,366 shares of the company’s stock worth $263,000 after buying an additional 25,921 shares in the last quarter. Finally, Rivernorth Capital Management LLC raised its stake in shares of Eaton Vance New York Municipal Bond Fund by 42.8% in the third quarter. Rivernorth Capital Management LLC now owns 277,730 shares of the company’s stock worth $2,766,000 after buying an additional 83,199 shares during the period.

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.