Eaton Vance New York Municipal Bond Fund (NYSE:ENX) Trading 0.6% Higher – Still a Buy?

Shares of Eaton Vance New York Municipal Bond Fund (NYSE:ENX) traded up 0.6% during mid-day trading on Tuesday . The stock traded as high as $9.27 and last traded at $9.27. 34,903 shares were traded during mid-day trading, an increase of 2% from the average session volume of 34,352 shares. The stock had previously closed at $9.21.

Eaton Vance New York Municipal Bond Fund Price Performance

The company has a fifty day moving average price of $9.21 and a 200-day moving average price of $9.33.

Eaton Vance New York Municipal Bond Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.0417 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.39%.

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 23,538 shares of Eaton Vance New York Municipal Bond Fund stock in a transaction dated Monday, April 14th. The shares were acquired at an average cost of $9.05 per share, with a total value of $213,018.90. Following the completion of the transaction, the insider now owns 3,699,551 shares in the company, valued at approximately $33,480,936.55. This trade represents a 0.64% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders bought 237,655 shares of company stock worth $2,192,332.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ENX. Allspring Global Investments Holdings LLC increased its stake in Eaton Vance New York Municipal Bond Fund by 10.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 28,782 shares of the company’s stock worth $274,000 after buying an additional 2,713 shares in the last quarter. Wealthspire Advisors LLC lifted its stake in Eaton Vance New York Municipal Bond Fund by 40.4% in the 4th quarter. Wealthspire Advisors LLC now owns 17,550 shares of the company’s stock worth $167,000 after purchasing an additional 5,050 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Eaton Vance New York Municipal Bond Fund in the 4th quarter worth approximately $236,000. Blue Bell Private Wealth Management LLC lifted its stake in Eaton Vance New York Municipal Bond Fund by 73.4% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 8,509 shares of the company’s stock worth $81,000 after purchasing an additional 3,602 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in Eaton Vance New York Municipal Bond Fund by 2.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 80,513 shares of the company’s stock worth $767,000 after purchasing an additional 2,300 shares in the last quarter.

Eaton Vance New York Municipal Bond Fund Company Profile

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.