Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Stock Price Passes Below 50-Day Moving Average – What’s Next?

Shares of Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $9.78 and traded as low as $9.64. Eaton Vance Municipal Bond Fund shares last traded at $9.67, with a volume of 181,733 shares traded.

Eaton Vance Municipal Bond Fund Stock Performance

The company has a 50 day moving average price of $9.78 and a 200-day moving average price of $9.83.

Eaton Vance Municipal Bond Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be issued a $0.0508 dividend. The ex-dividend date is Friday, August 14th. This represents a c) annualized dividend and a yield of 6.3%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EIM. Fiera Capital Corp bought a new stake in Eaton Vance Municipal Bond Fund during the 4th quarter valued at approximately $2,861,000. First Command Advisory Services Inc. purchased a new position in shares of Eaton Vance Municipal Bond Fund during the 4th quarter worth approximately $39,000. Pathfinder Wealth Consulting Inc. purchased a new position in shares of Eaton Vance Municipal Bond Fund during the 4th quarter worth approximately $157,000. Elyxium Wealth LLC bought a new position in shares of Eaton Vance Municipal Bond Fund in the 4th quarter worth approximately $43,000. Finally, UBS Group AG raised its position in shares of Eaton Vance Municipal Bond Fund by 5.0% in the 4th quarter. UBS Group AG now owns 243,511 shares of the company’s stock worth $2,369,000 after acquiring an additional 11,689 shares in the last quarter.

Eaton Vance Municipal Bond Fund Company Profile

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.