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

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) shares traded up 1.1% during mid-day trading 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 fifty day moving average price of $9.88 and a 200-day moving average price of $9.87.

Eaton Vance Municipal Bond Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, April 15th will be given a dividend of $0.0508 per share. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date is Wednesday, April 15th.

Hedge Funds Weigh In On Eaton Vance Municipal Bond Fund

Several institutional investors and hedge funds have recently bought and sold shares of EIM. CWM LLC bought a new position in Eaton Vance Municipal Bond Fund during the 4th quarter worth approximately $25,000. First Command Advisory Services Inc. bought a new position in Eaton Vance Municipal Bond Fund during the 4th quarter worth approximately $39,000. Elyxium Wealth LLC bought a new position in Eaton Vance Municipal Bond Fund during the 4th quarter worth approximately $43,000. Hollencrest Capital Management bought a new position in Eaton Vance Municipal Bond Fund during the 4th quarter worth approximately $49,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Eaton Vance Municipal Bond Fund in the 2nd quarter worth approximately $54,000.

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.