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In a recent transaction, Saba Capital Management, L.P., a significant stakeholder in the Eaton (NYSE:ETN) Vance California Municipal Bond Fund (NYSE:EVM), acquired 1,200 shares of common stock. The purchase, executed on June 5, 2025, was made at a price of $8.80 per share, totaling $10,560. The fund, currently trading near its 52-week low of $8.49, offers a substantial 5.69% dividend yield and has maintained dividend payments for 24 consecutive years, according to InvestingPro data. Following this acquisition, Saba Capital Management holds a total of 4,356,860 shares in the $216.63 million market cap fund. This transaction underscores Saba Capital’s continued investment in the fund, with Boaz Weinstein also listed as a reporting owner. The fund demonstrates relatively low price volatility with a beta of 0.56. InvestingPro subscribers can access additional insights and 3 more ProTips about EVM’s financial health and market position.
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