Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Shares Down 0.3%

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM)’s stock price dropped 0.3% during mid-day trading on Wednesday . The company traded as low as $10.50 and last traded at $10.52. Approximately 168,287 shares were traded during mid-day trading, a decline of 3% from the average daily volume of 174,170 shares. The stock had previously closed at $10.55.

Eaton Vance Municipal Bond Fund Trading Down 0.3 %

Eaton Vance Municipal Bond Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 21st will be paid a $0.0468 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $0.56 annualized dividend and a dividend yield of 5.34%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. AQR Arbitrage LLC grew its holdings in shares of Eaton Vance Municipal Bond Fund by 66.8% during the 3rd quarter. AQR Arbitrage LLC now owns 419,819 shares of the company’s stock valued at $3,762,000 after purchasing an additional 168,115 shares during the last quarter. Fortitude Family Office LLC acquired a new stake in Eaton Vance Municipal Bond Fund in the fourth quarter valued at approximately $59,000. Allspring Global Investments Holdings LLC grew its stake in shares of Eaton Vance Municipal Bond Fund by 21.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,285,669 shares of the company’s stock worth $13,024,000 after buying an additional 223,036 shares during the last quarter. Mathes Company Inc. acquired a new position in shares of Eaton Vance Municipal Bond Fund during the fourth quarter worth $1,230,000. Finally, Robinson Capital Management LLC increased its holdings in shares of Eaton Vance Municipal Bond Fund by 10.1% during the fourth quarter. Robinson Capital Management LLC now owns 355,382 shares of the company’s stock worth $3,574,000 after buying an additional 32,566 shares in the last quarter.

About Eaton Vance Municipal Bond Fund

Eaton Vance Municipal Bond Fund is a closed ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests primarily in high grade municipal obligations. The fund's investment portfolio primarily includes investments in companies operating in the transportation, water and sewer, and electric utilities sectors.