Eaton Vance New York Municipal Bond Fund (NYSE:ENX) Trading 1.3% Higher After Dividend Announcement

Eaton Vance New York Municipal Bond Fund (NYSE:ENX)’s share price was up 1.3% during mid-day 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 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 paid 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 company has a 50-day simple moving average of $9.72 and a 200 day simple moving average of $9.73.

Insider Transactions at Eaton Vance New York Municipal Bond Fund

In other news, major shareholder Saba Capital Management, L.P. purchased 2,926 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was purchased at an average price of $9.75 per share, with a total value of $28,528.50. Following the acquisition, the insider now directly owns 3,134,723 shares in the company, valued at approximately $30,563,549.25. The trade was a 0.09 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Over the last quarter, insiders have purchased 191,934 shares of company stock worth $1,851,019.

Institutional Trading of Eaton Vance New York Municipal Bond Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. Rivernorth Capital Management LLC boosted its position in shares of Eaton Vance New York Municipal Bond Fund by 50.8% during the 3rd quarter. Rivernorth Capital Management LLC now owns 293,428 shares of the company’s stock valued at $2,923,000 after acquiring an additional 98,897 shares in the last quarter. Horizon Kinetics Asset Management LLC acquired a new position in Eaton Vance New York Municipal Bond Fund in the third quarter worth about $243,000. Finally, Wolverine Asset Management LLC lifted its stake in Eaton Vance New York Municipal Bond Fund by 5,824.9% during 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 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.