Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
In a recent transaction, Saba Capital Management, L.P., a significant stakeholder in Eaton (NYSE:ETN) Vance New York Municipal Bond Fund (NYSE:ENX), acquired 50,457 shares of the fund. This purchase, executed on April 8, 2025, was made at a price of $9.27 per share, totaling approximately $467,736. The fund, which currently offers a notable 5.46% dividend yield, has maintained consistent dividend payments for 24 consecutive years, according to InvestingPro data.
The acquisition increases Saba Capital Management's total holdings in the fund to 3,676,013 shares. The transaction was disclosed in a filing with the Securities and Exchange Commission, underscoring the firm's ongoing investment strategy in the municipal bond fund. ENX has demonstrated relatively stable performance, with a modest 0.44% total return over the past year, while maintaining an overall "GOOD" financial health score of 2.61 on InvestingPro.
Saba Capital Management, led by Boaz Weinstein, is known for its active investment approach, particularly in closed-end funds and special situations. This latest move aligns with the firm's broader portfolio management objectives. For deeper insights into ENX's valuation and performance metrics, investors can access comprehensive analysis and additional ProTips through InvestingPro's detailed research reports.
In other recent news, Euronext (EPA:ENX) reported strong financial results for the full year 2024, with revenue increasing by 10.3% to €1,626.9 million and adjusted EBITDA rising by 16.4% to €1 billion. The company announced a strategic acquisition of NASDAQ's Nordic Power Futures business, which is expected to enhance its position in the Nordic and Baltic Power Futures market. Additionally, Euronext's credit rating was upgraded from BBB+ to A- by S&P, reflecting its solid financial performance and strategic initiatives. The company plans significant investments in 2025 to support its growth ambitions, with a focus on accelerating revenue and EBITDA growth. Euronext also launched cash-settled mini futures on European government bonds, set to be available for trading from September 2025. These developments have positioned Euronext for continued expansion in the European market infrastructure.
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