Saba capital administration buys $8,640 in Eaton Vance New York municipal bond fund

Saba Capital Administration, L.P., a major stakeholder in Eaton (NYSE:ETN) Vance New York Municipal Bond Fund (NYSE:ENX), lately acquired further shares. On December 19, the agency bought 900 shares at a value of $9.60 per share, amounting to a complete funding of $8,640. Following this transaction, Saba Capital Administration’s whole holdings within the fund elevated to three,235,933 shares. The fund, which presents a considerable 5.27% dividend yield and has maintained dividend funds for 23 consecutive years in response to InvestingPro, has demonstrated outstanding stability with a beta of 0.59.

The transaction was disclosed in a regulatory submitting with the Securities and Change Fee, highlighting the agency’s ongoing curiosity within the municipal bond fund. The submitting additionally listed Boaz Weinstein as a reporting proprietor, indicating his involvement within the transaction. InvestingPro evaluation reveals the fund maintains robust liquidity with a present ratio of two.34, whereas delivering a constructive YTD return of three.35%. Uncover extra useful insights and monetary metrics with an InvestingPro subscription.

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