In a recent transaction, Saba Capital Management, L.P., a significant stakeholder in Eaton (NYSE:ETN) Vance New York Municipal Bond Fund (NYSE:ENX), acquired 2,410 shares of the fund's common stock. This purchase, which took place on December 10, amounted to a total of $23,883, with each share priced at $9.91. Following this acquisition, Saba Capital's total holdings in the fund now stand at 3,198,516 shares. The fund currently offers a compelling 5.03% dividend yield and has maintained dividend payments for 23 consecutive years, according to InvestingPro data.
The transaction underscores Saba Capital's continued investment interest in the municipal bond fund, managed by Eaton Vance, which is known for its focus on tax-exempt income for investors. Boaz Weinstein, another major investor associated with Saba Capital, is also listed in the filing, reflecting the firm's collaborative investment strategy. InvestingPro analysis reveals the fund's strong financial position with a current ratio of 2.34 and relatively low volatility (Beta 0.59), earning an overall "GOOD" financial health rating.
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