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Saba Capital Management, L.P., a significant stakeholder in Eaton (NYSE:ETN) Vance New York Municipal Bond Fund (NYSE:ENX), has recently expanded its holdings in the company. According to a recent SEC filing, Saba Capital purchased a total of 26,743 shares of common stock on March 6 and March 7. The transactions were executed at prices ranging from $9.79 to $9.82 per share, amounting to a total investment of $262,331. The fund, known for its low price volatility according to InvestingPro, currently offers a 5.11% dividend yield and has maintained dividend payments for 24 consecutive years.
Following these acquisitions, Saba Capital now holds a total of 3,456,439 shares in the municipal bond fund. The transactions indicate continued interest and investment by Saba Capital in Eaton Vance New York Municipal Bond Fund, which focuses on municipal bonds in New York. InvestingPro data shows the fund maintains a strong financial health score of 2.61 (GOOD), with liquid assets exceeding short-term obligations and a positive YTD return of 3.74%.
In other recent news, Euronext (EPA:ENX) reported impressive financial results for the full year 2024, with revenue increasing by 10.3% to €1,626.9 million and adjusted EBITDA rising by 16.4% to €1 billion. The company’s adjusted net income also saw a significant increase of 19.7% to €682.5 million. Euronext announced a strategic acquisition of NASDAQ’s Nordic Power Futures business, which is expected to enhance their market presence in the Nordic and Baltic regions. Additionally, Euronext’s credit rating was upgraded from BBB+ to A- by S&P, indicating a stable outlook for the company. In other developments, Euronext is planning to launch cash-settled mini futures on European government bonds, set to be available for trading from September 2025. The company’s strategic focus on non-volume related revenue, which made up 58% of total revenue, has been a key factor in its robust performance. Looking ahead, Euronext plans to invest in strategic growth projects to further accelerate revenue and EBITDA growth by 2027.
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