Saba Capital Management, L.P., a significant shareholder in Eaton (NYSE:ETN) Vance California Municipal Bond Fund (NYSE:EVM), reported the acquisition of additional shares in the fund. According to a recent SEC filing, Saba Capital acquired a total of 30,881 shares over two transactions. The purchases took place on December 27 and December 30, at prices ranging from $9.18 to $9.24 per share, amounting to a total investment of $283,968. The fund, known for its stable performance with a beta of 0.51, offers an attractive dividend yield of 5.41% and has maintained dividend payments for 23 consecutive years, according to InvestingPro data.
Following these transactions, Saba Capital’s total holdings in the fund increased to 3,838,652 shares. The transactions were reported by Boaz Weinstein, a ten percent owner, and Zachary Gindes, representing Saba Capital Management. InvestingPro analysis shows EVM maintains a "Good" overall financial health score, with particularly strong cash flow metrics. Subscribers can access additional insights and 12+ more ProTips about EVM’s performance and outlook.
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