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

Eaton Vance New York Municipal Bond Fund (NYSE:ENX) traded up 1.3% on Friday after the company announced a dividend. The stock traded as high as $9.59 and last traded at $9.58. 72,390 shares changed hands during mid-day 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 given a dividend of $0.0417 per share. The ex-dividend date is Wednesday, January 15th.

Eaton Vance New York Municipal Bond Fund Trading Up 0.6 %

The firm’s fifty day moving average is $9.72 and its 200-day moving average is $9.73.

Insider Transactions at Eaton Vance New York Municipal Bond Fund

In other Eaton Vance New York Municipal Bond Fund news, major shareholder Saba Capital Management, L.P. acquired 31,717 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was purchased at an average price of $9.70 per share, for a total transaction of $307,654.90. Following the transaction, the insider now owns 3,230,233 shares in the company, valued at $31,333,260.10. This trade represents a 0.99 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders bought 191,934 shares of company stock valued at $1,851,019.

Institutional Trading of Eaton Vance New York Municipal Bond Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Rivernorth Capital Management LLC lifted its position in 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 worth $2,923,000 after buying an additional 98,897 shares in the last quarter. Horizon Kinetics Asset Management LLC bought a new position in shares of Eaton Vance New York Municipal Bond Fund in the third quarter worth about $243,000. Finally, Wolverine Asset Management LLC lifted its position in shares of 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 in the last quarter.

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.