Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $9.81 and traded as low as $9.65. Eaton Vance Municipal Bond Fund shares last traded at $9.68, with a volume of 149,091 shares.

Eaton Vance Municipal Bond Fund Stock Down 0.1%

The company’s 50 day simple moving average is $9.81 and its 200-day simple moving average is $9.86.

Eaton Vance Municipal Bond Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 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 6.3%. The ex-dividend date is Friday, May 15th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EIM. CWM LLC bought a new stake in shares of Eaton Vance Municipal Bond Fund during the 4th quarter worth $25,000. First Command Advisory Services Inc. purchased a new stake in Eaton Vance Municipal Bond Fund during the fourth quarter valued at about $39,000. Elyxium Wealth LLC bought a new stake in Eaton Vance Municipal Bond Fund during the fourth quarter worth about $43,000. Hollencrest Capital Management bought a new position in shares of Eaton Vance Municipal Bond Fund during the 4th quarter valued at about $49,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in shares of Eaton Vance Municipal Bond Fund during the 3rd quarter valued at about $88,000.

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.