Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Stock Crosses Below 50-Day Moving Average – Time to Sell?

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM)’s share price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $9.78 and traded as low as $9.64. Eaton Vance Municipal Bond Fund shares last traded at $9.67, with a volume of 181,733 shares.

Eaton Vance Municipal Bond Fund Trading Up 0.6%

The business’s 50 day moving average is $9.78 and its 200 day moving average is $9.83.

Eaton Vance Municipal Bond Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be paid a $0.0508 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) annualized dividend and a yield of 6.3%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Rivernorth Capital Management LLC boosted its stake in shares of Eaton Vance Municipal Bond Fund by 1.3% during the first quarter. Rivernorth Capital Management LLC now owns 1,610,948 shares of the company’s stock valued at $15,739,000 after purchasing an additional 20,385 shares during the period. Guggenheim Capital LLC boosted its holdings in shares of Eaton Vance Municipal Bond Fund by 2.1% in the fourth quarter. Guggenheim Capital LLC now owns 1,146,839 shares of the company’s stock valued at $11,159,000 after purchasing an additional 23,100 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of 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 valued at $8,039,000 after purchasing an additional 78,032 shares during the period. Advisors Asset Management Inc. grew its stake in Eaton Vance Municipal Bond Fund by 31.3% in the fourth quarter. Advisors Asset Management Inc. now owns 758,114 shares of the company’s stock worth $7,376,000 after purchasing an additional 180,772 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Eaton Vance Municipal Bond Fund by 7.3% in the third quarter. Ameriprise Financial Inc. now owns 515,436 shares of the company’s stock worth $5,123,000 after purchasing an additional 35,066 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.