Eaton Vance New York Municipal Bond Fund (NYSE:ENX) Trading Down 0.8% – Here’s Why

Eaton Vance New York Municipal Bond Fund (NYSE:ENX) shares dropped 0.8% during mid-day trading on Friday . The company traded as low as $9.80 and last traded at $9.80. Approximately 11,441 shares were traded during trading, The stock had previously closed at $9.88.

Eaton Vance New York Municipal Bond Fund Trading Down 0.5 %

The stock has a fifty day simple moving average of $9.84 and a 200-day simple moving average of $9.80.

Eaton Vance New York Municipal Bond Fund Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be issued a dividend of $0.0417 per share. The ex-dividend date of this dividend is Monday, December 23rd.

Insider Buying and Selling at Eaton Vance New York Municipal Bond Fund

In other Eaton Vance New York Municipal Bond Fund news, major shareholder Saba Capital Management, L.P. bought 5,342 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was purchased at an average cost of $9.61 per share, with a total value of $51,336.62. Following the completion of the purchase, the insider now owns 3,062,772 shares in the company, valued at approximately $29,433,238.92. The trade was a 0.17 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders bought 97,784 shares of company stock valued at $952,755.

Institutional Trading of Eaton Vance New York Municipal Bond Fund

A number of large investors have recently bought and sold shares of ENX. Herold Advisors Inc. lifted its stake in Eaton Vance New York Municipal Bond Fund by 14.9% in the second quarter. Herold Advisors Inc. now owns 15,818 shares of the company’s stock valued at $156,000 after buying an additional 2,053 shares in the last quarter. Horizon Kinetics Asset Management LLC bought a new stake in Eaton Vance New York Municipal Bond Fund in the 3rd quarter valued at $243,000. Wolverine Asset Management LLC boosted its stake in 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 period. Finally, Rivernorth Capital Management LLC increased its holdings in Eaton Vance New York Municipal Bond Fund by 42.8% during the 3rd quarter. Rivernorth Capital Management LLC now owns 277,730 shares of the company’s stock worth $2,766,000 after purchasing an additional 83,199 shares in the last quarter.

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.