Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Stock Price Down 0.9% – Here’s What Happened

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM)’s share price fell 0.9% during trading on Thursday . The company traded as low as $9.63 and last traded at $9.63. 211,515 shares traded hands during trading, an increase of 51% from the average session volume of 140,367 shares. The stock had previously closed at $9.72.

Eaton Vance Municipal Bond Fund Stock Performance

The firm has a fifty day simple moving average of $9.82 and a two-hundred day simple moving average of $9.85.

Eaton Vance Municipal Bond Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be given a $0.0508 dividend. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date is Wednesday, July 15th.

Hedge Funds Weigh In On Eaton Vance Municipal Bond Fund

Several institutional investors have recently bought and sold shares of the business. Elyxium Wealth LLC bought a new stake in Eaton Vance Municipal Bond Fund during the fourth quarter worth approximately $43,000. GRIMES & Co WEALTH MANAGEMENT LLC bought a new stake in shares of Eaton Vance Municipal Bond Fund in the 4th quarter valued at approximately $137,000. Wolverine Asset Management LLC bought a new stake in shares of Eaton Vance Municipal Bond Fund in the 4th quarter valued at approximately $333,000. Benjamin Edwards Inc. purchased a new position in shares of Eaton Vance Municipal Bond Fund in the 4th quarter worth approximately $132,000. Finally, UBS Group AG boosted 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 during the period.

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.