Eaton Vance New York Municipal Bond Fund (NYSE:ENX) Stock Price Up 1.3% After Dividend Announcement

Eaton Vance New York Municipal Bond Fund (NYSE:ENX)’s share price shot up 1.3% on Friday after the company announced a dividend. The company 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. Shareholders of record on Wednesday, January 15th will be paid a $0.0417 dividend. The ex-dividend date of this dividend is Wednesday, January 15th.

Eaton Vance New York Municipal Bond Fund Trading Up 0.6 %

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

Insider Activity 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. purchased 2,926 shares of Eaton Vance New York Municipal Bond Fund stock in a transaction on Tuesday, November 19th. The stock was bought at an average price of $9.75 per share, for a total transaction of $28,528.50. Following the transaction, the insider now owns 3,134,723 shares of the company’s stock, valued at $30,563,549.25. The trade was a 0.09 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders have bought a total of 191,934 shares of company stock worth $1,851,019 in the last ninety days.

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

A number of hedge funds and other institutional investors have recently modified their holdings of ENX. Rivernorth Capital Management LLC lifted its holdings in 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 worth $2,923,000 after purchasing an additional 98,897 shares during the period. Wolverine Asset Management LLC raised its position in shares of Eaton Vance New York Municipal Bond Fund by 5,824.9% during the 3rd quarter. Wolverine Asset Management LLC now owns 26,366 shares of the company’s stock worth $263,000 after buying an additional 25,921 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC acquired a new stake in shares of Eaton Vance New York Municipal Bond Fund in the 3rd quarter worth approximately $243,000.

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.