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Saba Capital Management, L.P., a notable ten percent owner, recently executed a significant purchase of common stock in the Eaton (NYSE:ETN) Vance California Municipal Bond Fund (NYSE:EVM). The fund, which boasts a 5.33% dividend yield and a 24-year track record of consistent dividend payments, maintains a "GOOD" financial health score according to InvestingPro analysis. The transaction, which took place on March 12, 2025, involved the acquisition of 75,438 shares at a price of $9.35 per share, amounting to a total value of $705,345. The purchase price sits comfortably within the fund’s 52-week trading range of $9.08 to $9.81, with the stock showing a positive YTD return of 3.21%. This purchase increases Saba Capital’s holdings in the fund to 4,023,724 shares. InvestingPro subscribers can access additional insights and metrics about EVM’s performance and valuation. The transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission.
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