Eaton Vance Municipal Bond Fund to Issue Monthly Dividend of $0.05 (NYSEAMERICAN:EIM)

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) declared a monthly dividend on Monday, August 3rd. Shareholders of record on Friday, August 14th will be given a dividend of 0.0508 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date is Friday, August 14th.

Eaton Vance Municipal Bond Fund Stock Performance

Shares of Eaton Vance Municipal Bond Fund stock opened at $9.57 on Tuesday. The stock’s 50 day simple moving average is $9.80 and its 200-day simple moving average is $9.84. Eaton Vance Municipal Bond Fund has a 1-year low of $9.48 and a 1-year high of $10.54.

Hedge Funds Weigh In On Eaton Vance Municipal Bond Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Rivernorth Capital Management LLC increased its stake in shares of Eaton Vance Municipal Bond Fund by 187.8% in the 4th quarter. Rivernorth Capital Management LLC now owns 1,590,563 shares of the company’s stock worth $15,476,000 after acquiring an additional 1,037,886 shares during the last quarter. Fiera Capital Corp purchased a new position in shares of Eaton Vance Municipal Bond Fund during the 4th quarter worth $2,861,000. Rareview Capital LLC acquired a new position in shares of Eaton Vance Municipal Bond Fund during the 1st quarter valued at about $2,483,000. Advisors Asset Management Inc. boosted its position in shares of Eaton Vance Municipal Bond Fund by 31.3% during the 4th quarter. Advisors Asset Management Inc. now owns 758,114 shares of the company’s stock valued at $7,376,000 after acquiring an additional 180,772 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Eaton Vance Municipal Bond Fund in the fourth quarter valued at about $883,000.

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.