NEW YORK—Saba Capital Management, L.P. and Boaz Weinstein have increased their holdings in the Eaton (NYSE:ETN) Vance California Municipal Bond Fund (NYSE:EVM), according to a recent filing. The transactions, dated December 19 and 20, involved the acquisition of 73,044 shares of the fund’s common stock. The purchases were made at prices ranging from $9.20 to $9.25 per share, amounting to a total transaction value of approximately $673,473. According to InvestingPro, EVM has maintained consistent dividend payments for 23 consecutive years, currently offering a 5.48% yield.
Following these transactions, Saba Capital and Weinstein collectively own 3,774,270 shares of Eaton Vance California Municipal Bond Fund. This move highlights their continued confidence in the fund, which invests primarily in municipal bonds offering tax-exempt income.
The transactions were disclosed in a Form 4 filing with the Securities and Exchange Commission, underscoring Saba Capital’s and Weinstein’s significant ownership stake in the fund.
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