Eaton Vance New York Municipal Bond Fund (NYSE:ENX) Trading Down 1.7% – Here’s What Happened

Eaton Vance New York Municipal Bond Fund (NYSE:ENX) shares traded down 1.7% during mid-day trading on Friday . The stock traded as low as $9.56 and last traded at $9.50. 33,645 shares traded hands during mid-day trading, an increase of 4% from the average session volume of 32,287 shares. The stock had previously closed at $9.66.

Eaton Vance New York Municipal Bond Fund Trading Down 0.2 %

The business has a fifty day moving average price of $9.26 and a 200 day moving average price of $9.54.

Eaton Vance New York Municipal Bond Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be issued a dividend of $0.0417 per share. This represents a $0.50 annualized dividend and a dividend yield of 5.28%. The ex-dividend date of this dividend is Thursday, May 15th.

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. bought 18,204 shares of the stock in a transaction on Wednesday, March 5th. The stock was acquired at an average price of $9.87 per share, with a total value of $179,673.48. Following the acquisition, the insider now directly owns 3,429,696 shares in the company, valued at approximately $33,851,099.52. This trade represents a 0.53 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders purchased a total of 227,756 shares of company stock worth $2,156,194 in the last three months.

Institutional Trading of Eaton Vance New York Municipal Bond Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC boosted its position in Eaton Vance New York Municipal Bond Fund by 73.4% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 8,509 shares of the company’s stock worth $81,000 after buying an additional 3,602 shares during the period. CF Capital LLC bought a new position in shares of Eaton Vance New York Municipal Bond Fund during the fourth quarter valued at $95,000. Envestnet Asset Management Inc. acquired a new position in shares of Eaton Vance New York Municipal Bond Fund during the fourth quarter worth $108,000. Stifel Financial Corp grew its stake in shares of Eaton Vance New York Municipal Bond Fund by 20.4% in the fourth quarter. Stifel Financial Corp now owns 14,328 shares of the company’s stock worth $137,000 after purchasing an additional 2,425 shares during the last quarter. Finally, Wealthspire Advisors LLC increased its holdings in Eaton Vance New York Municipal Bond Fund by 40.4% in the fourth quarter. Wealthspire Advisors LLC now owns 17,550 shares of the company’s stock valued at $167,000 after purchasing an additional 5,050 shares during the period.

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.