Eaton Vance California Municipal Bond Fund (NYSEAMERICAN:EVM) Share Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Eaton Vance California Municipal Bond Fund (NYSEAMERICAN:EVM)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $9.46 and traded as high as $9.59. Eaton Vance California Municipal Bond Fund shares last traded at $9.46, with a volume of 368,359 shares changing hands.

Eaton Vance California Municipal Bond Fund Stock Performance

The company’s 50-day simple moving average is $9.46 and its 200-day simple moving average is $9.42.

Eaton Vance California Municipal Bond Fund Company Profile

Eaton Vance California Municipal Bond Fund (NYSEAMERICAN:EVM) is a closed-end, diversified management investment company that seeks to provide tax-exempt income by investing primarily in municipal obligations issued by or on behalf of the State of California and its political subdivisions. The fund is structured to deliver current income exempt from federal and California state income taxes, making it a targeted solution for investors in higher tax brackets seeking exposure to California’s municipal market.

The fund’s portfolio is composed predominantly of investment-grade municipal securities, including general obligation bonds, revenue bonds and municipal lease obligations.