Eaton Vance California Municipal Bond Fund (NYSEAMERICAN:EVM) Stock Price Crosses Above Fifty Day Moving Average of $0.00

Eaton Vance California Municipal Bond Fund (NYSEAMERICAN:EVM) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.00 and traded as high as $8.54. Eaton Vance California Municipal Bond Fund shares last traded at $8.51, with a volume of 49,189 shares traded.

Eaton Vance California Municipal Bond Fund Stock Up 0.7 %

Eaton Vance California Municipal Bond Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 22nd will be issued a dividend of $0.0292 per share. This represents a $0.35 annualized dividend and a dividend yield of 4.03%. The ex-dividend date is Tuesday, November 21st.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. bought 19,184 shares of the stock in a transaction that occurred on Tuesday, October 3rd. The stock was purchased at an average cost of $8.06 per share, for a total transaction of $154,623.04. Following the completion of the acquisition, the insider now owns 2,492,048 shares in the company, valued at $20,085,906.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders have acquired 184,704 shares of company stock worth $1,484,636.

Institutional Investors Weigh In On Eaton Vance California Municipal Bond Fund

Institutional investors have recently bought and sold shares of the business. Cetera Investment Advisers raised its stake in shares of Eaton Vance California Municipal Bond Fund by 18.9% during the first quarter. Cetera Investment Advisers now owns 13,125 shares of the investment management company’s stock valued at $118,000 after purchasing an additional 2,085 shares during the period. Covington Capital Management acquired a new stake in shares of Eaton Vance California Municipal Bond Fund during the third quarter valued at about $28,000. Advisor Group Holdings Inc. increased its position in shares of Eaton Vance California Municipal Bond Fund by 32.5% during the first quarter. Advisor Group Holdings Inc. now owns 14,100 shares of the investment management company’s stock worth $141,000 after acquiring an additional 3,460 shares during the last quarter. UBS Group AG lifted its stake in shares of Eaton Vance California Municipal Bond Fund by 2.2% in the first quarter. UBS Group AG now owns 169,053 shares of the investment management company’s stock worth $1,697,000 after acquiring an additional 3,644 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in Eaton Vance California Municipal Bond Fund by 10.8% in the second quarter. Baird Financial Group Inc. now owns 37,664 shares of the investment management company’s stock valued at $335,000 after purchasing an additional 3,656 shares during the last quarter.

Eaton Vance California Municipal Bond Fund Company Profile

Eaton Vance California 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.