Eaton Vance New York Municipal Bond Fund (NYSE:ENX) Stock Price Up 1.3% Following Dividend Announcement

Shares of Eaton Vance New York Municipal Bond Fund (NYSE:ENX) traded up 1.3% during mid-day trading on Friday following a dividend announcement from the company. The company traded as high as $9.59 and last traded at $9.58. 72,390 shares were traded during trading, The stock had previously closed at $9.46.

The newly announced dividend which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.0417 dividend. The ex-dividend date is Wednesday, January 15th.

Eaton Vance New York Municipal Bond Fund Stock Up 0.6 %

The business has a fifty day moving average price of $9.72 and a 200 day moving average price of $9.73.

Insider Activity at Eaton Vance New York Municipal Bond Fund

In related news, major shareholder Saba Capital Management, L.P. purchased 3,602 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was purchased at an average price of $9.94 per share, for a total transaction of $35,803.88. Following the acquisition, the insider now directly owns 3,156,613 shares in the company, valued at $31,376,733.22. The trade was a 0.11 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have acquired 191,934 shares of company stock worth $1,851,019.

Institutional Trading of Eaton Vance New York Municipal Bond Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Rivernorth Capital Management LLC increased its stake in shares of Eaton Vance New York Municipal Bond Fund by 50.8% in the third quarter. Rivernorth Capital Management LLC now owns 293,428 shares of the company’s stock worth $2,923,000 after buying an additional 98,897 shares during the last quarter. Wolverine Asset Management LLC increased its position in shares of Eaton Vance New York Municipal Bond Fund by 5,824.9% in the 3rd quarter. Wolverine Asset Management LLC now owns 26,366 shares of the company’s stock worth $263,000 after purchasing an additional 25,921 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC bought a new stake in shares of Eaton Vance New York Municipal Bond Fund in the 3rd quarter worth about $243,000.

About Eaton Vance New York Municipal Bond Fund

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.