NEW YORK—Saba Capital Administration, L.P., a big shareholder in Eaton (NYSE:ETN) Vance California Municipal Bond Fund (NYSE:EVM), has elevated its holdings with latest purchases totaling $261,563. The transactions had been executed over two days, with the agency buying 9,869 shares on December 17 at $9.37 per share and a further 18,104 shares on December 18 at $9.34 per share. The fund, which boasts a notable 5.44% dividend yield and has maintained dividend funds for 23 consecutive years, has demonstrated comparatively low value volatility in line with InvestingPro knowledge.
Following these acquisitions, Saba Capital Administration now holds a complete of three,701,226 shares within the fund. The purchases underscore the agency’s continued funding in Eaton Vance California Municipal Bond Fund, a fund targeted on municipal bonds within the state of California. With a “GOOD” total monetary well being rating and a year-to-date return of 5.32%, the fund has proven resilience within the present market surroundings. InvestingPro subscribers can entry further insights via unique ProTips and detailed monetary metrics.
Boaz Weinstein, a distinguished determine within the monetary trade, is related to Saba Capital Administration as a ten % proprietor. The transactions had been disclosed in a latest SEC submitting, highlighting the agency’s strategic strikes within the municipal bond market.
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