Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Trading Down 0.9% – Here’s Why

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM)’s stock price dropped 0.9% during trading on Thursday . The company traded as low as $9.63 and last traded at $9.63. 211,515 shares traded hands during trading, an increase of 51% from the average session volume of 140,367 shares. The stock had previously closed at $9.72.

Eaton Vance Municipal Bond Fund Price Performance

The company has a 50-day moving average price of $9.82 and a 200 day moving average price of $9.85.

Eaton Vance Municipal Bond Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be paid a $0.0508 dividend. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date is Wednesday, July 15th.

Institutional Investors Weigh In On Eaton Vance Municipal Bond Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Rivernorth Capital Management LLC grew its stake in 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 acquiring an additional 20,385 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in Eaton Vance Municipal Bond Fund by 5.6% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,312,796 shares of the company’s stock worth $12,774,000 after purchasing an additional 69,261 shares in the last quarter. Guggenheim Capital LLC boosted its holdings in shares of 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 valued at $11,159,000 after purchasing an additional 23,100 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Eaton Vance Municipal Bond Fund by 10.7% during the 3rd 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 last quarter. Finally, Advisors Asset Management Inc. grew its position in shares of Eaton Vance Municipal Bond Fund by 31.3% during the fourth quarter. Advisors Asset Management Inc. now owns 758,114 shares of the company’s stock valued at $7,376,000 after purchasing an additional 180,772 shares in the last quarter.

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.