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Saba Capital Management, L.P. and Boaz Weinstein, both identified as ten percent owners, reported purchasing shares of Eaton (NYSE:ETN) Vance California Municipal Bond Fund (EXCHANGE:EVM) on June 16 and 17, 2025. The purchases, all executed at a price of $8.82, totaled $442,719. The fund, with a market capitalization of $218 million, offers a notable dividend yield of 5.67% and has maintained dividend payments for 24 consecutive years, according to InvestingPro data.
On June 16, Saba Capital acquired 35,910 shares. A further 14,285 shares were bought on June 17. Following these transactions, Saba Capital and Weinstein now own 4,479,159 shares of Eaton Vance California Municipal Bond Fund. The purchase price of $8.82 sits near the fund’s 52-week low of $8.49, while showing characteristically low price volatility. InvestingPro analysis reveals additional insights about EVM’s valuation and market position.
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