Eaton Vance New York Municipal Bond Fund (NYSE:ENX) Trading Down 0.5% – What’s Next?

Eaton Vance New York Municipal Bond Fund (NYSE:ENX)’s share price was down 0.5% during mid-day trading on Tuesday . The stock traded as low as $9.19 and last traded at $9.16. Approximately 34,903 shares changed hands during mid-day 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 Price Performance

The company’s 50 day moving average is $9.36 and its 200-day moving average is $9.45.

Eaton Vance New York Municipal Bond Fund Dividend Announcement

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

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. bought 9,500 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were purchased at an average cost of $9.79 per share, with a total value of $93,005.00. Following the completion of the purchase, the insider now owns 3,456,439 shares in the company, valued at approximately $33,838,537.81. The trade was a 0.28% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders acquired 204,440 shares of company stock worth $1,921,154.

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

Several large investors have recently modified their holdings of ENX. Blue Bell Private Wealth Management LLC grew its position in Eaton Vance New York Municipal Bond Fund by 73.4% during 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. CF Capital LLC purchased a new position in Eaton Vance New York Municipal Bond Fund in the fourth quarter worth about $95,000. Envestnet Asset Management Inc. bought a new position in shares of Eaton Vance New York Municipal Bond Fund in the fourth quarter worth approximately $108,000. Stifel Financial Corp grew its holdings in shares of 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. Finally, Wealthspire Advisors LLC increased its position in shares of Eaton Vance New York Municipal Bond Fund by 40.4% during the fourth quarter. Wealthspire Advisors LLC now owns 17,550 shares of the company’s stock valued at $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.