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In recent transactions, Saba Capital Management, L.P., a significant stakeholder of Eaton (NYSE:ETN) Vance New York Municipal Bond Fund (NYSE:ENX), has increased its holdings in the company. On June 12 and June 13, Saba Capital acquired a total of 25,488 shares of common stock, with purchase prices ranging from $9.16 to $9.18 per share, near the fund’s 52-week low of $8.74. The total value of these transactions amounted to $233,590. The fund, with a market capitalization of $164.5 million, offers an attractive dividend yield of 5.49% and has maintained dividend payments for 24 consecutive years, according to InvestingPro data.
Following these transactions, Saba Capital’s total holdings in Eaton Vance New York Municipal Bond Fund have increased to 3,868,251 shares. These acquisitions were reported by Saba Capital Management, L.P., and Boaz Weinstein, both of whom are ten percent owners of the fund. The transactions were signed off by Zachary Gindes on behalf of Saba Capital Management and by Boaz Weinstein on June 16, 2025. For a comprehensive analysis of ENX’s financial health and investment potential, including additional ProTips and detailed metrics, visit InvestingPro.
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