Eaton Vance California Municipal Bond Fund (NYSEAMERICAN:EVM) Shares Cross Above Fifty Day Moving Average – Time to Sell?

Shares of Eaton Vance California Municipal Bond Fund (NYSEAMERICAN:EVM) crossed above its 50-day moving average during trading on Monday . The stock has a 50-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 Price Performance

The business’s fifty day moving average price is $9.46 and its two-hundred day moving average price is $9.38.

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.