Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Stock Passes Below Fifty Day Moving Average – Should You Sell?

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM)’s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $9.85 and traded as low as $9.85. Eaton Vance Municipal Bond Fund shares last traded at $9.92, with a volume of 109,489 shares.

Eaton Vance Municipal Bond Fund Trading Down 0.6%

The company has a fifty day moving average price of $9.85 and a two-hundred day moving average price of $9.87.

Eaton Vance Municipal Bond Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th were issued a dividend of $0.0508 per share. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date was Wednesday, April 15th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC lifted its holdings in Eaton Vance Municipal Bond Fund by 7.0% in the fourth quarter. Sanctuary Advisors LLC now owns 19,659 shares of the company’s stock valued at $191,000 after acquiring an additional 1,284 shares during the last quarter. Camelot Portfolios LLC lifted its holdings in Eaton Vance Municipal Bond Fund by 16.8% in the fourth quarter. Camelot Portfolios LLC now owns 12,669 shares of the company’s stock valued at $123,000 after acquiring an additional 1,822 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Eaton Vance Municipal Bond Fund by 16.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 17,992 shares of the company’s stock valued at $175,000 after acquiring an additional 2,514 shares during the last quarter. CWM LLC acquired a new position in Eaton Vance Municipal Bond Fund in the fourth quarter valued at approximately $25,000. Finally, Concurrent Investment Advisors LLC lifted its holdings in Eaton Vance Municipal Bond Fund by 9.3% in the third quarter. Concurrent Investment Advisors LLC now owns 35,557 shares of the company’s stock valued at $353,000 after acquiring an additional 3,017 shares during 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.