Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Stock Price Up 0.3% – Still a Buy?

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

Eaton Vance Municipal Bond Fund Stock Up 0.3%

The stock’s 50-day moving average price is $9.85 and its 200 day moving average price is $9.88.

Eaton Vance Municipal Bond Fund Announces Dividend

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

Institutional Trading of Eaton Vance Municipal Bond Fund

Institutional investors have recently bought and sold shares of the business. Karpus Management Inc. raised its holdings in shares of Eaton Vance Municipal Bond Fund by 4.0% during the 2nd quarter. Karpus Management Inc. now owns 7,294,955 shares of the company’s stock worth $70,542,000 after buying an additional 281,307 shares in the last quarter. Rivernorth Capital Management LLC boosted its holdings in Eaton Vance Municipal Bond Fund by 187.8% in the fourth quarter. Rivernorth Capital Management LLC now owns 1,590,563 shares of the company’s stock valued at $15,476,000 after acquiring an additional 1,037,886 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of Eaton Vance Municipal Bond Fund by 5.6% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,312,796 shares of the company’s stock worth $12,774,000 after buying an additional 69,261 shares during the period. Guggenheim Capital LLC grew its holdings in Eaton Vance Municipal Bond Fund by 2.1% during the 4th quarter. Guggenheim Capital LLC now owns 1,146,839 shares of the company’s stock worth $11,159,000 after acquiring an additional 23,100 shares during the period. Finally, Raymond James Financial Inc. increased its holdings in Eaton Vance Municipal Bond Fund by 10.7% in the third quarter. Raymond James Financial Inc. now owns 808,790 shares of the company’s stock worth $8,039,000 after purchasing an additional 78,032 shares in the last quarter.

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.