Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Stock Price Passes Below 50-Day Moving Average – Here’s What Happened

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $9.81 and traded as low as $9.65. Eaton Vance Municipal Bond Fund shares last traded at $9.68, with a volume of 149,091 shares trading hands.

Eaton Vance Municipal Bond Fund Stock Down 0.1%

The firm’s 50 day moving average is $9.81 and its 200 day moving average is $9.86.

Eaton Vance Municipal Bond Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be paid a $0.0508 dividend. The ex-dividend date is Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 6.3%.

Hedge Funds Weigh In On Eaton Vance Municipal Bond Fund

A number of hedge funds have recently bought and sold shares of the company. Petra Financial Advisors Inc. raised its holdings in Eaton Vance Municipal Bond Fund by 17.2% in the first quarter. Petra Financial Advisors Inc. now owns 17,000 shares of the company’s stock worth $166,000 after buying an additional 2,500 shares during the last quarter. Cura Wealth Advisors LLC raised its holdings in Eaton Vance Municipal Bond Fund by 4.1% in the 1st quarter. Cura Wealth Advisors LLC now owns 254,149 shares of the company’s stock worth $2,483,000 after acquiring an additional 10,000 shares during the last quarter. First Command Advisory Services Inc. bought a new position in Eaton Vance Municipal Bond Fund in the 4th quarter valued at approximately $39,000. UBS Group AG increased its holdings in shares of Eaton Vance Municipal Bond Fund by 5.0% in the 4th quarter. UBS Group AG now owns 243,511 shares of the company’s stock worth $2,369,000 after purchasing an additional 11,689 shares in the last quarter. Finally, Elyxium Wealth LLC purchased a new position in shares of Eaton Vance Municipal Bond Fund in the fourth quarter worth $43,000.

About Eaton Vance Municipal Bond Fund

The Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) is a closed-end management investment company that seeks to provide shareholders with high current income exempt from regular United States federal income tax. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds issued by state and local governments and their agencies. It may also hold tender option bonds and other municipal derivatives to help manage duration and enhance yield.

Managed by Eaton Vance Management, a leading asset management firm with a history dating back to 1924, the fund leverages the firm’s experience in fixed-income investing.