Eaton Vance California Municipal Bond Fund (NYSEAMERICAN:EVM) Shares Cross Above Fifty Day Moving Average – Time to Sell?

Eaton Vance California Municipal Bond Fund (NYSEAMERICAN:EVM)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $9.46 and traded as high as $9.59. Eaton Vance California Municipal Bond Fund shares last traded at $9.46, with a volume of 368,359 shares traded.

Eaton Vance California Municipal Bond Fund Stock Performance

The stock’s 50 day simple moving average is $9.46 and its 200-day simple moving average is $9.38.

About Eaton Vance California Municipal Bond Fund

Eaton Vance California Municipal Bond Fund (NYSEAMERICAN:EVM) is a closed-end, diversified management investment company that seeks to provide tax-exempt income by investing primarily in municipal obligations issued by or on behalf of the State of California and its political subdivisions. The fund is structured to deliver current income exempt from federal and California state income taxes, making it a targeted solution for investors in higher tax brackets seeking exposure to California’s municipal market.

The fund’s portfolio is composed predominantly of investment-grade municipal securities, including general obligation bonds, revenue bonds and municipal lease obligations.