Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM – Get Free Report) announced a monthly dividend on Tuesday, September 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.0508 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Tuesday, September 15th.
Eaton Vance Municipal Bond Fund Price Performance
Shares of EIM stock opened at $9.33 on Friday. The stock has a 50-day moving average of $9.66 and a 200-day moving average of $9.78. Eaton Vance Municipal Bond Fund has a 1-year low of $9.31 and a 1-year high of $10.11.
Institutional Trading of Eaton Vance Municipal Bond Fund
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Command Advisory Services Inc. acquired a new position in shares of Eaton Vance Municipal Bond Fund in the 4th quarter worth approximately $39,000. Elyxium Wealth LLC acquired a new stake in shares of Eaton Vance Municipal Bond Fund during the fourth quarter worth $43,000. Hollencrest Capital Management bought a new position in Eaton Vance Municipal Bond Fund during the fourth quarter worth $49,000. Integrated Wealth Concepts LLC acquired a new position in Eaton Vance Municipal Bond Fund in the second quarter valued at $51,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in Eaton Vance Municipal Bond Fund in the third quarter valued at $88,000.
Eaton Vance Municipal Bond Fund Company Profile
The Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) is a closed-end management investment company that seeks to provide shareholders with high current income exempt from regular United States federal income tax. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds issued by state and local governments and their agencies. It may also hold tender option bonds and other municipal derivatives to help manage duration and enhance yield.
Managed by Eaton Vance Management, a leading asset management firm with a history dating back to 1924, the fund leverages the firm’s experience in fixed-income investing.
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