Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Trading Up 0.6%

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) shares were up 0.6% on Tuesday . The stock traded as high as $10.37 and last traded at $10.34. Approximately 219,299 shares were traded during trading, an increase of 25% from the average daily volume of 175,675 shares. The stock had previously closed at $10.28.

Eaton Vance Municipal Bond Fund Stock Performance

Eaton Vance Municipal Bond Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 23rd will be given a $0.0508 dividend. This represents a $0.61 annualized dividend and a dividend yield of 5.90%. The ex-dividend date is Tuesday, July 23rd. This is a boost from Eaton Vance Municipal Bond Fund’s previous monthly dividend of $0.05.

Institutional Trading of Eaton Vance Municipal Bond Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Karpus Management Inc. boosted its position in Eaton Vance Municipal Bond Fund by 38.7% during the first quarter. Karpus Management Inc. now owns 14,325,881 shares of the company’s stock valued at $148,273,000 after purchasing an additional 3,995,787 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Eaton Vance Municipal Bond Fund by 21.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,285,669 shares of the company’s stock valued at $13,024,000 after purchasing an additional 223,036 shares during the last quarter. Mathes Company Inc. acquired a new stake in Eaton Vance Municipal Bond Fund during the fourth quarter valued at $1,230,000. City of London Investment Management Co. Ltd. boosted its position in Eaton Vance Municipal Bond Fund by 227.7% during the first quarter. City of London Investment Management Co. Ltd. now owns 171,994 shares of the company’s stock valued at $1,780,000 after purchasing an additional 119,510 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new stake in Eaton Vance Municipal Bond Fund during the fourth quarter valued at $883,000.

About Eaton Vance Municipal Bond Fund

Eaton Vance Municipal Bond Fund is a closed ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests primarily in high grade municipal obligations. The fund's investment portfolio primarily includes investments in companies operating in the transportation, water and sewer, and electric utilities sectors.