Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Stock Passes Below Fifty Day Moving Average – Should You Sell?

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $9.97 and traded as low as $9.97. Eaton Vance Municipal Bond Fund shares last traded at $9.98, with a volume of 172,323 shares.

Eaton Vance Municipal Bond Fund Price Performance

The firm has a 50-day moving average price of $9.97 and a 200 day moving average price of $9.75.

Eaton Vance Municipal Bond Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be paid a dividend of $0.0508 per share. The ex-dividend date is Friday, November 14th. This represents a c) annualized dividend and a yield of 6.1%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EIM. Newbridge Financial Services Group Inc. bought a new stake in shares of Eaton Vance Municipal Bond Fund during the 2nd quarter valued at about $54,000. Plancorp LLC acquired a new position in Eaton Vance Municipal Bond Fund in the second quarter valued at approximately $97,000. Nomura Holdings Inc. acquired a new position in Eaton Vance Municipal Bond Fund in the second quarter valued at approximately $97,000. Level Four Advisory Services LLC bought a new position in shares of Eaton Vance Municipal Bond Fund during the second quarter valued at approximately $108,000. Finally, Jane Street Group LLC acquired a new stake in shares of Eaton Vance Municipal Bond Fund during the 2nd quarter worth approximately $130,000.

About Eaton Vance Municipal Bond Fund

Eaton Vance Municipal Bond Fund is a closed ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests primarily in high grade municipal obligations. The fund's investment portfolio primarily includes investments in companies operating in the transportation, water and sewer, and electric utilities sectors.