In a recent filing with the Securities and Exchange Commission, Saba Capital Management, L.P. and Boaz Weinstein, both significant stakeholders, disclosed substantial acquisitions of common stock in Eaton (NYSE:ETN) Vance California Municipal Bond Fund (NYSE:EVM), a fund known for its 23-year track record of consistent dividend payments and current attractive yield of 5.26%. According to InvestingPro data, the fund has delivered a solid 8.87% return year-to-date while maintaining low price volatility. Over two consecutive days, the investors purchased a total of 81,948 shares at a consistent price of $9.51 per share. The transactions, which took place on December 3 and 4, 2024, amounted to a combined total of $779,325. Following these purchases, the investors now hold a total of 3,636,751 shares in the fund. InvestingPro analysis reveals the fund maintains a "GOOD" overall financial health score, with particularly strong cash flow metrics. Subscribers can access 2 additional exclusive ProTips and comprehensive financial analysis for EVM.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.