Eaton Vance New York Municipal Bond Fund (NYSE:ENX) Trading Down 0.5% – Here’s Why

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

Eaton Vance New York Municipal Bond Fund Stock Down 0.5%

The business has a fifty day moving average price of $9.36 and a 200-day moving average price of $9.45.

Eaton Vance New York Municipal Bond Fund Announces Dividend

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

Insiders Place Their Bets

In other Eaton Vance New York Municipal Bond Fund news, major shareholder Saba Capital Management, L.P. bought 9,500 shares of Eaton Vance New York Municipal Bond Fund stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average price of $9.79 per share, with a total value of $93,005.00. Following the acquisition, the insider now owns 3,456,439 shares in the company, valued at approximately $33,838,537.81. This trade represents a 0.28% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders bought a total of 204,440 shares of company stock valued at $1,921,154 over the last quarter.

Institutional Trading of Eaton Vance New York Municipal Bond Fund

Several hedge funds have recently added to or reduced their stakes in ENX. Blue Bell Private Wealth Management LLC increased its stake in Eaton Vance New York Municipal Bond Fund by 73.4% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 8,509 shares of the company’s stock worth $81,000 after purchasing an additional 3,602 shares during the period. CF Capital LLC purchased a new stake in shares of Eaton Vance New York Municipal Bond Fund during the fourth quarter valued at approximately $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% in the fourth quarter. Stifel Financial Corp now owns 14,328 shares of the company’s stock worth $137,000 after purchasing an additional 2,425 shares during the last quarter. Finally, Wealthspire Advisors LLC increased its stake in shares of Eaton Vance New York Municipal Bond Fund by 40.4% in the fourth quarter. Wealthspire Advisors LLC now owns 17,550 shares of the company’s stock worth $167,000 after buying an additional 5,050 shares during the period.

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.