Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
On April 14, Saba Capital Management, L.P., led by Boaz Weinstein, acquired 23,538 shares of Eaton (NYSE:ETN) Vance New York Municipal Bond Fund (NYSE:ENX) common stock. The shares were purchased at a price of $9.05 per share, amounting to a total transaction value of $213,018. The fund, which currently offers a 5.55% dividend yield, has maintained its dividend payments for 24 consecutive years, according to InvestingPro data. Following this acquisition, Saba Capital Management holds 3,699,551 shares of the fund. This transaction highlights Saba Capital’s continued investment in the Eaton Vance fund. The fund’s shares, known for their low price volatility, are currently trading at $8.81, near their 52-week low of $8.74, while maintaining an overall "GOOD" financial health score. InvestingPro subscribers have access to additional key metrics and analysis that could help evaluate this municipal bond fund’s investment potential.
In other recent news, Euronext (EPA:ENX) reported robust financial results for the full year 2024, with revenue rising by 10.3% to €1,626.9 million and adjusted EBITDA increasing by 16.4% to €1 billion. The company also achieved a 19.7% growth in adjusted net income, reaching €682.5 million, and proposed a dividend of €292.8 million, reflecting a 14% increase. Euronext announced the strategic acquisition of NASDAQ’s Nordic Power Futures business, a move expected to enhance its Nordic and Baltic Power Futures market presence. S&P upgraded Euronext’s credit rating from BBB+ to A-, acknowledging its strong financial performance and strategic initiatives. The company also launched cash-settled mini futures on European government bonds, set to be available for trading in September 2025. Additionally, Euronext has made significant progress in expanding its clearing operations through a partnership with Euroclear. These developments highlight Euronext’s strategic focus on growth and diversification in its market offerings.
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