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NEW YORK—Saba Capital Management, L.P., an investment firm led by Boaz Weinstein, has increased its holdings in Eaton (NYSE:ETN) Vance New York Municipal Bond Fund (NYSE:ENX), a $164.35 million market cap fund currently trading near its 52-week low of $8.74. According to a recent SEC filing, Saba Capital acquired 15,421 shares of the fund’s common stock on June 9, 2025. The shares were purchased at a price of $9.16 each, amounting to a total transaction value of approximately $141,256.
Following this acquisition, Saba Capital’s total ownership in the fund stands at 3,835,698 shares. This purchase underscores the firm’s position as a significant stakeholder in the municipal bond fund, which boasts a 24-year track record of consistent dividend payments and currently offers a 5.47% dividend yield. InvestingPro analysis reveals additional insights about ENX’s financial health and market position, with multiple ProTips available for subscribers.
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