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Saba Capital Management, L.P., a notable investment firm, has increased its holdings in Eaton (NYSE:ETN) Vance California Municipal Bond Fund (NYSE:EVM), a fund known for its 24-year track record of consistent dividend payments and current 5.76% yield, through a recent acquisition of common stock. According to InvestingPro data, the fund maintains a "GOOD" overall financial health score of 2.75. The firm purchased 26,590 shares at a price of $8.70 per share, amounting to a total transaction value of $231,332. This purchase enhances Saba Capital’s stake in the fund, bringing its total ownership to 4,118,864 shares. The transaction was executed on April 21, 2025, and reflects Saba Capital’s ongoing interest in the municipal bond fund sector. The fund has demonstrated relatively low price volatility with a beta of 0.52, trading between $8.49 and $9.81 over the past 52 weeks. Unlock more valuable insights and 3 additional ProTips with an InvestingPro subscription.
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