Eaton Vance New York Municipal Bond Fund (NYSE:ENX) Trading Down 1.4% – What’s Next?

Eaton Vance New York Municipal Bond Fund (NYSE:ENX) shares fell 1.4% during mid-day trading on Friday . The stock traded as low as $9.56 and last traded at $9.53. 33,645 shares were traded during mid-day trading, an increase of 11% from the average session volume of 30,434 shares. The stock had previously closed at $9.66.

Eaton Vance New York Municipal Bond Fund Stock Down 0.4 %

The stock’s fifty day simple moving average is $9.73 and its 200 day simple moving average is $9.66.

Eaton Vance New York Municipal Bond Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.0417 per share. The ex-dividend date is Friday, March 14th. This represents a $0.50 annualized dividend and a dividend yield of 5.23%.

Insider Activity 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 18,861 shares of Eaton Vance New York Municipal Bond Fund stock in a transaction that occurred on Wednesday, March 19th. The shares were bought at an average cost of $9.56 per share, with a total value of $180,311.16. Following the transaction, the insider now directly owns 3,531,342 shares of the company’s stock, valued at approximately $33,759,629.52. This represents a 0.54 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders bought 148,206 shares of company stock valued at $1,429,299 over the last 90 days.

Institutional Investors Weigh In On Eaton Vance New York Municipal Bond Fund

Several institutional investors have recently added to or reduced their stakes in the business. Sit Investment Associates Inc. increased its holdings in shares of Eaton Vance New York Municipal Bond Fund by 12.3% during the fourth quarter. Sit Investment Associates Inc. now owns 2,453,413 shares of the company’s stock valued at $23,381,000 after acquiring an additional 268,586 shares in the last quarter. Saba Capital Management L.P. grew its position in Eaton Vance New York Municipal Bond Fund by 8.3% during the 4th quarter. Saba Capital Management L.P. now owns 3,311,768 shares of the company’s stock worth $31,561,000 after purchasing an additional 254,338 shares during the last quarter. Bulldog Investors LLP increased its stake in Eaton Vance New York Municipal Bond Fund by 53.9% during the 4th quarter. Bulldog Investors LLP now owns 714,866 shares of the company’s stock valued at $6,821,000 after purchasing an additional 250,272 shares in the last quarter. Absolute Investment Advisers LLC purchased a new position in shares of Eaton Vance New York Municipal Bond Fund in the fourth quarter worth $1,318,000. Finally, Rivernorth Capital Management LLC raised its holdings 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.

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.