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Saba Capital Management, L.P., a significant stakeholder in Eaton (NYSE:ETN) Vance New York Municipal Bond Fund (NYSE:ENX), recently increased its holdings in the company. According to a recent SEC filing, Saba Capital acquired 6,775 shares of common stock on December 9, 2024, at an average price of $9.93 per share. This transaction amounts to a total value of $67,275. Following this purchase, Saba Capital's total ownership in the fund stands at 3,196,106 shares. The fund, which offers a notable 5.04% dividend yield and has maintained dividend payments for 23 consecutive years according to InvestingPro, demonstrates strong financial health with a current ratio of 2.34. The transaction underscores Saba Capital's continued interest in the municipal bond fund, reflecting its strategic investment approach. With a low beta of 0.59 and an overall "GOOD" financial health rating from InvestingPro, which offers additional valuable insights through its comprehensive analysis tools, ENX appears positioned for stable performance.
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