Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Shares Break Below 50 Day Moving Average – Here’s What Happened

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM – Get Free Report) passed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $9.03 and traded as low as $9.02. Eaton Vance Municipal Bond Fund shares last traded at $9.02, with a volume of 398,357 shares trading hands.

Eaton Vance Municipal Bond Fund Stock Down 1.1%

The stock’s 50-day moving average price is $9.03 and its 200 day moving average price is $9.62.

Eaton Vance Municipal Bond Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be paid a $0.0508 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date is Monday, November 16th.

Insider Buying and Selling at Eaton Vance Municipal Bond Fund

In other Eaton Vance Municipal Bond Fund news, insider Craig R. Brandon sold 87,567 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $9.12, for a total transaction of $798,611.04. Following the transaction, the insider owned 1 shares of the company’s stock, valued at $9.12. The trade was a 100.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Hedge Funds Weigh In On Eaton Vance Municipal Bond Fund

Several hedge funds and other institutional investors have recently made changes to their positions in EIM. Integrated Wealth Concepts LLC bought a new position in shares of Eaton Vance Municipal Bond Fund in the second quarter valued at $51,000. Hollencrest Capital Management raised its position in Eaton Vance Municipal Bond Fund by 50.4% during the first quarter. Hollencrest Capital Management now owns 7,548 shares of the company’s stock worth $74,000 after acquiring an additional 2,528 shares in the last quarter. Private Advisor Group LLC bought a new stake in Eaton Vance Municipal Bond Fund during the first quarter worth $112,000. SMH Capital Advisors Inc. acquired a new stake in Eaton Vance Municipal Bond Fund in the third quarter valued at $120,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Eaton Vance Municipal Bond Fund in the third quarter valued at $122,000.

About Eaton Vance Municipal Bond Fund

(Get Free Report)

Eaton Vance Municipal Bond Fund (NYSE American: EIM) is a closed-end management investment company focused on generating current income that is exempt from regular federal income tax. The fund invests primarily in municipal bonds and other tax-exempt obligations issued by states, cities, counties, and other public entities. The fund’s portfolio may include investment-grade and below-investment-grade municipal securities, subject to its investment policies and risk-management guidelines. Its holdings are generally tied to the U.S. municipal bond market, providing exposure to issuers and public projects across various regions of the United States.

Further Reading

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