Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $9.75 and traded as low as $9.57. Eaton Vance Municipal Bond Fund shares last traded at $9.60, with a volume of 156,007 shares.

Eaton Vance Municipal Bond Fund Stock Down 0.7%

The firm’s 50 day simple moving average is $9.75 and its two-hundred day simple moving average is $9.81.

Eaton Vance Municipal Bond Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be issued a dividend of $0.0508 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 6.4%.

Institutional Investors Weigh In On Eaton Vance Municipal Bond Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Rivernorth Capital Management LLC boosted its stake in shares of Eaton Vance Municipal Bond Fund by 1.3% in the first quarter. Rivernorth Capital Management LLC now owns 1,610,948 shares of the company’s stock valued at $15,739,000 after buying an additional 20,385 shares during the period. Guggenheim Capital LLC increased its stake in Eaton Vance Municipal Bond Fund by 2.1% during the 4th quarter. Guggenheim Capital LLC now owns 1,146,839 shares of the company’s stock worth $11,159,000 after acquiring an additional 23,100 shares during the period. Raymond James Financial Inc. increased its stake in Eaton Vance Municipal Bond Fund by 10.7% during the 3rd quarter. Raymond James Financial Inc. now owns 808,790 shares of the company’s stock worth $8,039,000 after acquiring an additional 78,032 shares during the period. Advisors Asset Management Inc. raised its holdings in Eaton Vance Municipal Bond Fund by 31.3% in the 4th quarter. Advisors Asset Management Inc. now owns 758,114 shares of the company’s stock valued at $7,376,000 after acquiring an additional 180,772 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Eaton Vance Municipal Bond Fund by 7.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 515,436 shares of the company’s stock valued at $5,123,000 after acquiring an additional 35,066 shares in the last quarter.

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.