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) rose 1.3% during trading on Friday after the company announced a dividend. The company traded as high as $9.59 and last traded at $9.58. Approximately 72,390 shares changed hands during mid-day trading, The stock had previously closed at $9.46.

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

Eaton Vance New York Municipal Bond Fund Stock Up 0.6 %

The firm’s fifty day moving average is $9.72 and its two-hundred day moving average is $9.73.

Insiders Place Their Bets

In other Eaton Vance New York Municipal Bond Fund news, major shareholder Saba Capital Management, L.P. purchased 11,033 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average price of $9.55 per share, with a total value of $105,365.15. Following the acquisition, the insider now owns 3,311,768 shares in the company, valued at approximately $31,627,384.40. The trade was a 0.33 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders acquired 191,934 shares of company stock worth $1,851,019 in the last three months.

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

A number of large investors have recently made changes to their positions in the company. Rivernorth Capital Management LLC grew its stake in shares of Eaton Vance New York Municipal Bond Fund by 50.8% during the third quarter. Rivernorth Capital Management LLC now owns 293,428 shares of the company’s stock valued at $2,923,000 after buying an additional 98,897 shares during the last quarter. Horizon Kinetics Asset Management LLC bought a new stake in shares of Eaton Vance New York Municipal Bond Fund during the 3rd quarter worth approximately $243,000. Finally, Wolverine Asset Management LLC grew its holdings in shares of 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 worth $263,000 after purchasing an additional 25,921 shares during the last quarter.

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.