Saba Capital Management, L.P., a major stakeholder in Eaton (NYSE:ETN) Vance California Municipal Bond Fund (NYSE:EVM), has increased its holdings in the fund. According to a recent SEC filing, Saba Capital Management acquired 8,127 shares on November 29 at a price of $9.47 per share, amounting to a total investment of $76,962. This acquisition brings Saba Capital Management's total ownership in the fund to 3,546,632 shares. The fund, which boasts a 5.29% dividend yield and a 23-year track record of consistent dividend payments, has demonstrated strong performance with an 8.3% year-to-date return. InvestingPro analysis indicates a GOOD overall financial health score, suggesting robust fundamentals. The transaction highlights the firm's continued interest in the municipal bond market. [Discover more insights and metrics with InvestingPro, including additional ProTips about EVM's valuation and market performance.]
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