Eaton Vance New York Municipal Bond Fund (NYSE:ENX) Shares Down 0.8% – Here’s What Happened

Eaton Vance New York Municipal Bond Fund (NYSE:ENX)’s stock price fell 0.8% during trading on Friday . The stock traded as low as $9.80 and last traded at $9.80. 11,441 shares were traded during mid-day trading, The stock had previously closed at $9.88.

Eaton Vance New York Municipal Bond Fund Trading Down 0.5 %

The stock has a fifty day moving average price of $9.84 and a two-hundred day moving average price of $9.80.

Eaton Vance New York Municipal Bond Fund Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be paid a $0.0417 dividend. The ex-dividend date is Monday, December 23rd.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. acquired 5,342 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were acquired at an average price of $9.61 per share, for a total transaction of $51,336.62. Following the completion of the purchase, the insider now directly owns 3,062,772 shares of the company’s stock, valued at $29,433,238.92. The trade was a 0.17 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have acquired 97,784 shares of company stock valued at $952,755.

Institutional Investors Weigh In On Eaton Vance New York Municipal Bond Fund

Institutional investors have recently added to or reduced their stakes in the company. Rivernorth Capital Management LLC lifted its holdings in shares of Eaton Vance New York Municipal Bond Fund by 50.8% in the third quarter. Rivernorth Capital Management LLC now owns 293,428 shares of the company’s stock valued at $2,923,000 after buying an additional 98,897 shares during the period. Horizon Kinetics Asset Management LLC bought a new stake in Eaton Vance New York Municipal Bond Fund in the third quarter worth about $243,000. Wolverine Asset Management LLC raised its position in Eaton Vance New York Municipal Bond Fund by 5,824.9% in the third quarter. Wolverine Asset Management LLC now owns 26,366 shares of the company’s stock worth $263,000 after acquiring an additional 25,921 shares in the last quarter. Finally, Herold Advisors Inc. boosted its position in shares of Eaton Vance New York Municipal Bond Fund by 14.9% during the 2nd quarter. Herold Advisors Inc. now owns 15,818 shares of the company’s stock valued at $156,000 after purchasing an additional 2,053 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.