Saba Capital Management, L.P., a significant shareholder in Eaton (NYSE:ETN) Vance California Municipal Bond Fund (NYSE:EVM), has increased its holdings in the company. According to a recent SEC filing, Saba Capital Management acquired a total of 33,501 shares over two transactions on December 23 and December 24, 2024. The shares were purchased at a consistent price of $9.15 each, amounting to a total investment of approximately $306,534. The fund, which boasts a notable 5.42% dividend yield and a 23-year track record of consistent dividend payments according to InvestingPro, has demonstrated remarkable stability with a beta of 0.51.
Following these transactions, Saba Capital Management now holds a total of 3,807,771 shares in Eaton Vance California Municipal Bond Fund. The acquisitions highlight Saba Capital's continued interest in the fund, as the firm remains a ten percent owner.
Boaz Weinstein, associated with Saba Capital Management, also signed off on the transactions, indicating his involvement in the decision-making process. The transactions were finalized and reported to the SEC on December 27, 2024.
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