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

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM)’s stock price crossed 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 traded.

Eaton Vance Municipal Bond Fund Stock Up 0.3%

The stock has a 50 day moving average price of $9.80 and a 200-day moving average price of $9.86.

Eaton Vance Municipal Bond Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be issued a $0.0508 dividend. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Friday, May 15th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Sanctuary Advisors LLC raised its stake in Eaton Vance Municipal Bond Fund by 7.0% in the fourth quarter. Sanctuary Advisors LLC now owns 19,659 shares of the company’s stock worth $191,000 after buying an additional 1,284 shares in the last quarter. Camelot Portfolios LLC boosted its holdings in Eaton Vance Municipal Bond Fund by 16.8% in the fourth quarter. Camelot Portfolios LLC now owns 12,669 shares of the company’s stock valued at $123,000 after purchasing an additional 1,822 shares during the last quarter. Petra Financial Advisors Inc. boosted its stake in shares of Eaton Vance Municipal Bond Fund by 17.2% during the 1st quarter. Petra Financial Advisors Inc. now owns 17,000 shares of the company’s stock worth $166,000 after acquiring an additional 2,500 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Eaton Vance Municipal Bond Fund by 16.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 17,992 shares of the company’s stock worth $175,000 after acquiring an additional 2,514 shares in the last quarter. Finally, Hollencrest Capital Management boosted its stake in shares of Eaton Vance Municipal Bond Fund by 50.4% during the 1st quarter. Hollencrest Capital Management now owns 7,548 shares of the company’s stock worth $74,000 after acquiring an additional 2,528 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.