Saba Capital Management, L.P., a significant stakeholder in Eaton (NYSE:ETN) Vance New York Municipal Bond Fund (NYSE:ENX), reported the acquisition of 5,827 shares of common stock. The shares were purchased at a price of $9.87 each, amounting to a total transaction value of approximately $57,512. Following this transaction, Saba Capital's indirect ownership in the fund increased to 3,150,159 shares. The transaction was executed on December 2, 2024, as per the recent SEC filing.
The fund, which has maintained dividend payments for 23 consecutive years, currently offers a compelling 5.03% dividend yield. InvestingPro data reveals ENX has demonstrated strong liquidity with a current ratio of 2.34 and achieved a 7.8% year-to-date return. Additional financial health metrics and insights are available through InvestingPro's comprehensive analysis platform.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.