Eaton Vance New York Municipal Bond Fund (NYSE:ENX) Stock Price Down 1.4% – Here’s What Happened

Eaton Vance New York Municipal Bond Fund (NYSE:ENX)’s share price dropped 1.4% on Friday . The stock traded as low as $9.56 and last traded at $9.53. Approximately 33,645 shares traded hands during mid-day trading, an increase of 11% from the average daily volume of 30,434 shares. The stock had previously closed at $9.66.

Eaton Vance New York Municipal Bond Fund Stock Performance

The firm has a 50 day simple moving average of $9.73 and a 200-day simple moving average of $9.66.

Eaton Vance New York Municipal Bond Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.0417 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date is Friday, March 14th.

Insider Activity at Eaton Vance New York Municipal Bond Fund

In related news, major shareholder Saba Capital Management, L.P. acquired 4,084 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was purchased at an average price of $9.61 per share, with a total value of $39,247.24. Following the transaction, the insider now owns 3,356,192 shares of the company’s stock, valued at approximately $32,253,005.12. This trade represents a 0.12 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. In the last ninety days, insiders have purchased 148,206 shares of company stock worth $1,429,299.

Institutional Trading of Eaton Vance New York Municipal Bond Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Guggenheim Capital LLC boosted its position in shares of Eaton Vance New York Municipal Bond Fund by 4.3% during the fourth quarter. Guggenheim Capital LLC now owns 382,325 shares of the company’s stock worth $3,644,000 after buying an additional 15,868 shares during the period. Raymond James Financial Inc. acquired a new position in Eaton Vance New York Municipal Bond Fund during the 4th quarter worth about $236,000. Sit Investment Associates Inc. boosted its holdings in Eaton Vance New York Municipal Bond Fund by 12.3% during the 4th quarter. Sit Investment Associates Inc. now owns 2,453,413 shares of the company’s stock valued at $23,381,000 after acquiring an additional 268,586 shares during the period. Commonwealth Equity Services LLC grew its position in Eaton Vance New York Municipal Bond Fund by 2.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 80,513 shares of the company’s stock valued at $767,000 after acquiring an additional 2,300 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC lifted its position in shares of Eaton Vance New York Municipal Bond Fund by 73.4% during the fourth 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 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.