Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Stock Price Down 0.9% – Here’s What Happened

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM)’s stock price dropped 0.9% during mid-day trading on Thursday . The stock traded as low as $9.63 and last traded at $9.63. Approximately 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 Stock Down 0.6%

The business’s 50-day moving average price is $9.81 and its 200-day moving average price is $9.85.

Eaton Vance Municipal Bond Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be paid a dividend of $0.0508 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%.

Institutional Trading of Eaton Vance Municipal Bond Fund

A number of institutional investors have recently bought and sold shares of the company. CWM LLC acquired a new position in Eaton Vance Municipal Bond Fund in the 4th quarter worth about $25,000. First Command Advisory Services Inc. acquired a new stake in shares of Eaton Vance Municipal Bond Fund during the 4th quarter valued at about $39,000. Elyxium Wealth LLC acquired a new stake in shares of Eaton Vance Municipal Bond Fund during the 4th quarter valued at about $43,000. Hollencrest Capital Management bought a new stake in shares of Eaton Vance Municipal Bond Fund in the 4th quarter valued at approximately $49,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of Eaton Vance Municipal Bond Fund in the 3rd quarter valued at approximately $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.