Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Stock Price Passes Below 50 Day Moving Average – Here’s What Happened

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $9.85 and traded as low as $9.85. Eaton Vance Municipal Bond Fund shares last traded at $9.92, with a volume of 109,489 shares trading hands.

Eaton Vance Municipal Bond Fund Trading Up 0.5%

The firm’s 50-day moving average is $9.85 and its two-hundred day moving average is $9.87.

Eaton Vance Municipal Bond Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Thursday, April 30th. Investors of record on Wednesday, April 15th were given a dividend of $0.0508 per share. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend was Wednesday, April 15th.

Hedge Funds Weigh In On Eaton Vance Municipal Bond Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EIM. CWM LLC bought a new position in Eaton Vance Municipal Bond Fund during the fourth quarter valued at approximately $25,000. First Command Advisory Services Inc. bought a new position in Eaton Vance Municipal Bond Fund during the fourth quarter valued at approximately $39,000. Elyxium Wealth LLC bought a new position in Eaton Vance Municipal Bond Fund during the fourth quarter valued at approximately $43,000. Hollencrest Capital Management bought a new position in Eaton Vance Municipal Bond Fund during the fourth quarter valued at approximately $49,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Eaton Vance Municipal Bond Fund during the third quarter valued at approximately $88,000.

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.