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Saba Capital Management, L.P., a significant stakeholder in Eaton (NYSE:ETN) Vance New York Municipal Bond Fund (NYSE:ENX), reported acquiring additional shares in a series of transactions this past December. The firm purchased a total of 53,603 shares over three transactions, with prices ranging between $9.40 and $9.45 per share. The total value of these acquisitions amounted to $505,772. The fund, known for its stable trading pattern and impressive 23-year dividend history, currently offers a 5.29% dividend yield. According to InvestingPro, the fund maintains several additional strong financial indicators worth exploring.
On December 23, Saba Capital Management acquired 20,694 shares at $9.42 each. This was followed by a purchase of 3,103 shares on December 24 at $9.40 per share. The final transaction occurred on December 26, with the acquisition of 29,806 shares at a price of $9.45 per share. Following these transactions, the firm now holds a total of 3,289,536 shares in the municipal bond fund, which maintains strong liquidity with a current ratio of 2.34.
Boaz Weinstein, a prominent figure associated with Saba Capital, was also listed in the filing, underscoring the firm's ongoing investment activities in the municipal bond sector. The fund has demonstrated positive momentum with a 3% year-to-date return and maintains an overall "GOOD" financial health rating according to InvestingPro analysis.
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