Saba Capital Management, L.P., along with Boaz Weinstein, reported significant stock purchases in the Eaton (NYSE:ETN) Vance New York Municipal Bond Fund (NYSE:ENX) according to a recent SEC filing. On December 27 and December 30, the firm acquired a total of 22,232 shares of common stock at prices ranging from $9.44 to $9.55 per share, amounting to a total investment of $211,083. The fund, which currently offers a 5.22% dividend yield, has demonstrated remarkable stability with a beta of 0.59, according to InvestingPro data. Following these transactions, Saba Capital now holds 3,311,768 shares of the fund. These acquisitions reflect the firm's ongoing interest and investment in the municipal bond fund, which is designed to provide tax-exempt income to its investors. The fund has maintained dividend payments for 23 consecutive years and boasts a strong financial health score, with liquid assets exceeding short-term obligations by 2.34x. InvestingPro subscribers can access 3 additional key insights about ENX's financial outlook.
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