Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
Saba Capital Management, L.P., a significant stakeholder in the Eaton (NYSE:ETN) Vance New York Municipal Bond Fund (NYSE:ENX), has recently increased its holdings through a series of stock acquisitions. According to a recent SEC filing, Saba Capital Management purchased a total of 32,632 shares on January 7 and January 8, 2025, at a consistent price of $9.55 per share. The total value of these transactions amounted to $311,635. InvestingPro data shows ENX offers an attractive 5.21% dividend yield and has maintained dividend payments for 24 consecutive years.
These acquisitions have brought Saba Capital Management's total ownership in the fund to 3,344,400 shares. The transactions reflect the continued interest of Saba Capital Management in the Eaton Vance New York Municipal Bond Fund, as the firm seeks to bolster its position in the municipal bond market. According to InvestingPro analysis, ENX maintains a strong financial health score and benefits from liquid assets exceeding short-term obligations, with a current ratio of 2.34.
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