In a recent filing with the Securities and Exchange Commission, Saba Capital Management, L.P., along with Boaz Weinstein, reported the acquisition of additional shares in the Eaton (NYSE:ETN) Vance California Municipal Bond Fund (NYSE:EVM). On December 12, 2024, Saba Capital acquired 72 shares at a price of $9.48 per share, totaling $682. This transaction increases their holdings in the fund to 3,673,253 shares. Both Saba Capital and Weinstein are identified as ten percent owners of the fund. According to InvestingPro, EVM boasts a solid 5.32% dividend yield and has maintained dividend payments for 23 consecutive years. The fund demonstrates good financial health with an overall score of 2.75, while showing relatively low price volatility. For deeper insights and additional metrics on EVM's performance, investors can access more exclusive analysis on InvestingPro.
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