Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Shares Up 0.3% – Time to Buy?

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM)’s share price traded up 0.3% during mid-day trading on Tuesday . The company traded as high as $10.01 and last traded at $10.01. 191,466 shares traded hands during mid-day trading, an increase of 14% from the average session volume of 167,621 shares. The stock had previously closed at $9.98.

Eaton Vance Municipal Bond Fund Price Performance

The stock’s fifty day moving average is $9.85 and its two-hundred day moving average is $9.88.

Eaton Vance Municipal Bond Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be given a dividend of $0.0508 per share. The ex-dividend date is Tuesday, February 17th. This represents a c) annualized dividend and a dividend yield of 6.1%.

Hedge Funds Weigh In On Eaton Vance Municipal Bond Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in shares of Eaton Vance Municipal Bond Fund in the 4th quarter valued at approximately $161,000. NewEdge Advisors LLC boosted its stake in shares of Eaton Vance Municipal Bond Fund by 21.5% in the 4th quarter. NewEdge Advisors LLC now owns 35,496 shares of the company’s stock valued at $345,000 after purchasing an additional 6,280 shares during the last quarter. Readystate Asset Management LP raised its position in shares of Eaton Vance Municipal Bond Fund by 168.9% during the 4th quarter. Readystate Asset Management LP now owns 42,178 shares of the company’s stock valued at $410,000 after acquiring an additional 26,494 shares during the last quarter. Rivernorth Capital Management LLC grew its position in shares of Eaton Vance Municipal Bond Fund by 187.8% during the 4th quarter. Rivernorth Capital Management LLC now owns 1,590,563 shares of the company’s stock worth $15,476,000 after buying an additional 1,037,886 shares during the period. Finally, Balyasny Asset Management L.P. bought a new stake in Eaton Vance Municipal Bond Fund in the fourth quarter valued at approximately $883,000.

About Eaton Vance Municipal Bond Fund

The Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) is a closed-end management investment company that seeks to provide shareholders with high current income exempt from regular United States federal income tax. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds issued by state and local governments and their agencies. It may also hold tender option bonds and other municipal derivatives to help manage duration and enhance yield.

Managed by Eaton Vance Management, a leading asset management firm with a history dating back to 1924, the fund leverages the firm’s experience in fixed-income investing.