Eaton Vance New York Municipal Bond Fund (NYSE:ENX) Shares Up 1.3% Following Dividend Announcement

Shares of Eaton Vance New York Municipal Bond Fund (NYSE:ENX) rose 1.3% on Friday following a dividend announcement from the company. The company traded as high as $9.59 and last traded at $9.58. Approximately 72,390 shares changed hands during mid-day trading, The stock had previously closed at $9.46.

The newly announced dividend which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a $0.0417 dividend. The ex-dividend date of this dividend is Wednesday, January 15th.

Eaton Vance New York Municipal Bond Fund Stock Performance

The stock has a 50-day simple moving average of $9.72 and a two-hundred day simple moving average of $9.73.

Insider Activity

In other Eaton Vance New York Municipal Bond Fund news, major shareholder Saba Capital Management, L.P. acquired 21,191 shares of the stock in a transaction dated Thursday, November 7th. The stock was purchased at an average cost of $9.56 per share, for a total transaction of $202,585.96. Following the acquisition, the insider now owns 3,090,895 shares in the company, valued at $29,548,956.20. The trade was a 0.69 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In the last three months, insiders have bought 191,934 shares of company stock worth $1,851,019.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Rivernorth Capital Management LLC lifted its stake in Eaton Vance New York Municipal Bond Fund by 50.8% in the third quarter. Rivernorth Capital Management LLC now owns 293,428 shares of the company’s stock worth $2,923,000 after purchasing an additional 98,897 shares during the last quarter. Wolverine Asset Management LLC lifted its stake in shares of Eaton Vance New York Municipal Bond Fund by 5,824.9% in the 3rd quarter. Wolverine Asset Management LLC now owns 26,366 shares of the company’s stock valued at $263,000 after acquiring an additional 25,921 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC bought a new stake in shares of Eaton Vance New York Municipal Bond Fund in the 3rd quarter valued at about $243,000.

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.