Eaton Vance New York Municipal Bond Fund (NYSE:ENX) Trading Down 0.5% – Time to Sell?

Shares of Eaton Vance New York Municipal Bond Fund (NYSE:ENX) were down 0.5% on Tuesday . The company traded as low as $9.19 and last traded at $9.16. Approximately 34,903 shares were traded during trading, an increase of 6% from the average daily volume of 33,046 shares. The stock had previously closed at $9.21.

Eaton Vance New York Municipal Bond Fund Trading Down 0.5%

The stock has a fifty day simple moving average of $9.36 and a two-hundred day simple moving average of $9.45.

Eaton Vance New York Municipal Bond Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a $0.0417 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.47%.

Insider Activity 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. acquired 16,552 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average price of $9.75 per share, for a total transaction of $161,382.00. Following the completion of the transaction, the insider now owns 3,472,991 shares of the company’s stock, valued at approximately $33,861,662.25. This represents a 0.48% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders bought 204,440 shares of company stock valued at $1,921,154.

Institutional Investors Weigh In On Eaton Vance New York Municipal Bond Fund

Large investors have recently added to or reduced their stakes in the business. Blue Bell Private Wealth Management LLC raised its stake in Eaton Vance New York Municipal Bond Fund by 73.4% in 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 in the last quarter. CF Capital LLC purchased a new position in Eaton Vance New York Municipal Bond Fund in the 4th quarter worth approximately $95,000. Envestnet Asset Management Inc. bought a new position in shares of Eaton Vance New York Municipal Bond Fund in the 4th quarter worth $108,000. Stifel Financial Corp raised its position in shares of Eaton Vance New York Municipal Bond Fund by 20.4% during 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 in the last quarter. Finally, Wealthspire Advisors LLC raised its position in shares of Eaton Vance New York Municipal Bond Fund by 40.4% during the 4th quarter. Wealthspire Advisors LLC now owns 17,550 shares of the company’s stock valued at $167,000 after buying an additional 5,050 shares in 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.