Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Shares Up 0.7% – Here’s Why

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) shares were up 0.7% during mid-day trading on Tuesday . The stock traded as high as $9.82 and last traded at $9.80. Approximately 151,360 shares changed hands during mid-day trading, a decline of 10% from the average daily volume of 168,239 shares. The stock had previously closed at $9.73.

Eaton Vance Municipal Bond Fund Trading Up 0.7%

The firm has a 50-day simple moving average of $9.82 and a two-hundred day simple moving average of $9.82.

Eaton Vance Municipal Bond Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be given a dividend of $0.0508 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Thursday, January 15th.

Institutional Investors Weigh In On Eaton Vance Municipal Bond Fund

Several institutional investors have recently made changes to their positions in EIM. CWM LLC acquired a new position in Eaton Vance Municipal Bond Fund in the 4th quarter valued at $25,000. Newbridge Financial Services Group Inc. bought a new position in shares of Eaton Vance Municipal Bond Fund in the second quarter worth $54,000. Northwestern Mutual Wealth Management Co. acquired a new position in Eaton Vance Municipal Bond Fund in the third quarter valued at about $88,000. Nomura Holdings Inc. acquired a new position in Eaton Vance Municipal Bond Fund in the second quarter valued at about $97,000. Finally, Level Four Advisory Services LLC bought a new stake in Eaton Vance Municipal Bond Fund during the second quarter worth about $108,000.

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.