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Saba Capital Management, L.P. and Boaz Weinstein, both identified as ten percent owners, reported purchasing 12,660 shares of Eaton (NYSE:ETN) Vance California Municipal Bond Fund (NYSE:EVM) common stock on June 23, 2025. The shares were bought at $8.79, with the total transaction amounting to $111,281. The purchase price sits near the fund’s 52-week low of $8.49, while offering a notable 5.66% dividend yield. InvestingPro data shows EVM has maintained dividend payments for 24 consecutive years.
Following this transaction, Saba Capital Management, L.P. and Boaz Weinstein now own 4,513,575 shares of Eaton Vance California Municipal Bond Fund. The fund, with a market capitalization of $218.11 million, has demonstrated relatively low price volatility with a beta of 0.56 over the past five years.
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