Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Trading 1.1% Higher – What’s Next?

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) traded up 1.1% on Wednesday . The company traded as high as $9.86 and last traded at $9.79. 152,002 shares changed hands during mid-day trading, a decline of 2% from the average session volume of 155,582 shares. The stock had previously closed at $9.68.

Eaton Vance Municipal Bond Fund Stock Up 1.1%

The business has a 50 day simple moving average of $9.88 and a two-hundred day simple moving average of $9.87.

Eaton Vance Municipal Bond Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th will be issued a $0.0508 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Wednesday, April 15th.

Hedge Funds Weigh In On Eaton Vance Municipal Bond Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Fiera Capital Corp purchased a new position in shares of Eaton Vance Municipal Bond Fund in the 4th quarter worth about $2,861,000. Pathfinder Wealth Consulting Inc. purchased a new position in shares of Eaton Vance Municipal Bond Fund in the 4th quarter worth about $157,000. Elyxium Wealth LLC purchased a new position in shares of Eaton Vance Municipal Bond Fund in the 4th quarter worth about $43,000. CWM LLC purchased a new position in shares of Eaton Vance Municipal Bond Fund in the 4th quarter worth about $25,000. Finally, Benjamin Edwards Inc. purchased a new position in shares of Eaton Vance Municipal Bond Fund in the 4th quarter worth about $132,000.

Eaton Vance Municipal Bond Fund Company Profile

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.