Eaton Vance New York Municipal Bond Fund (NYSE:ENX) Trading Down 0.8% – Should You Sell?

Eaton Vance New York Municipal Bond Fund (NYSE:ENX)’s share price was down 0.8% during trading on Friday . The stock 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 Stock Performance

The business’s 50-day moving average price is $9.84 and its two-hundred day moving average price is $9.80.

Eaton Vance New York Municipal Bond Fund Announces Dividend

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

Insider Transactions at Eaton Vance New York Municipal Bond Fund

In other news, major shareholder Saba Capital Management, L.P. purchased 6,775 shares of the stock in a transaction dated Monday, December 9th. The stock was acquired at an average cost of $9.93 per share, for a total transaction of $67,275.75. Following the acquisition, the insider now owns 3,196,106 shares of the company’s stock, valued at $31,737,332.58. The trade was a 0.21 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders purchased 97,784 shares of company stock valued at $952,755.

Hedge Funds Weigh In On Eaton Vance New York Municipal Bond Fund

Several large investors have recently added to or reduced their stakes in the company. Herold Advisors Inc. lifted its position in shares of Eaton Vance New York Municipal Bond Fund by 14.9% in the 2nd quarter. Herold Advisors Inc. now owns 15,818 shares of the company’s stock worth $156,000 after buying an additional 2,053 shares during the last quarter. Horizon Kinetics Asset Management LLC bought a new position in Eaton Vance New York Municipal Bond Fund in the third quarter worth about $243,000. Wolverine Asset Management LLC boosted its stake in Eaton Vance New York Municipal Bond Fund by 5,824.9% in the third quarter. Wolverine Asset Management LLC now owns 26,366 shares of the company’s stock valued at $263,000 after acquiring an additional 25,921 shares during the period. Finally, Rivernorth Capital Management LLC boosted its stake in Eaton Vance New York Municipal Bond Fund by 42.8% in the third quarter. Rivernorth Capital Management LLC now owns 277,730 shares of the company’s stock valued at $2,766,000 after acquiring an additional 83,199 shares during the period.

Eaton Vance New York Municipal Bond Fund Company Profile

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.