Gold prices rise from 2-wk low with focus on Russia-Ukraine, Jackson Hole
Saba Capital Management, L.P., a significant shareholder in Eaton (NYSE:ETN) Vance New York Municipal Bond Fund (NYSE:ENX), recently increased its stake in the company. According to a recent SEC filing, the firm purchased a total of 33,916 shares over two transactions on March 18 and March 19, 2025. The fund, which maintains an impressive InvestingPro Financial Health score of "GOOD" and a conservative beta of 0.62, has demonstrated stability with its low price volatility profile.
The shares were acquired at prices ranging from $9.55 to $9.56, amounting to a total investment of $324,086. Following these transactions, Saba Capital Management now holds 3,531,342 shares of the fund. This move underscores the firm’s continued interest in the municipal bond market and its strategic positioning within Eaton Vance’s offerings. The fund currently offers a substantial 5.24% dividend yield and has maintained dividend payments for 24 consecutive years. Discover more insights about ENX and access comprehensive analysis through InvestingPro’s detailed research reports.
In other recent news, Euronext (EPA:ENX) reported strong financial results for the full year 2024, with revenue reaching €1,626.9 million, marking a 10.3% increase year-over-year. The company’s adjusted EBITDA rose by 16.4% to €1 billion, reflecting a margin improvement to 61.9%. Euronext also announced a strategic acquisition of NASDAQ’s Nordic Power Futures business, which is expected to enhance its market presence in the Nordic and Baltic regions. In a significant development, S&P upgraded Euronext’s credit rating from BBB+ to A-, indicating confidence in the company’s financial health and strategic direction. Additionally, Euronext plans to introduce cash-settled mini futures on European government bonds, set for trading in September 2025. The company confirmed that its clearing revenue grew by 19% to €144.3 million, driven by dynamic fixed income and commodities clearing activity. Euronext’s strategic focus on non-volume related revenue, accounting for 58% of total revenue, has positioned it favorably amid evolving market dynamics. As part of its growth strategy, Euronext is investing significantly in strategic projects, aiming to maximize EBITDA growth by 2027.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.