Saba Capital Management, L.P., a significant stakeholder in Eaton (NYSE:ETN) Vance New York Municipal Bond Fund (NYSE:ENX), recently acquired additional shares. On December 19, the firm purchased 900 shares at a price of $9.60 per share, amounting to a total investment of $8,640. Following this transaction, Saba Capital Management's total holdings in the fund increased to 3,235,933 shares. The fund, which offers a substantial 5.27% dividend yield and has maintained dividend payments for 23 consecutive years according to InvestingPro, has demonstrated remarkable stability with a beta of 0.59.
The transaction was disclosed in a regulatory filing with the Securities and Exchange Commission, highlighting the firm's ongoing interest in the municipal bond fund. The filing also listed Boaz Weinstein as a reporting owner, indicating his involvement in the transaction. InvestingPro analysis reveals the fund maintains strong liquidity with a current ratio of 2.34, while delivering a positive YTD return of 3.35%. Discover more valuable insights and financial metrics with an InvestingPro subscription.
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