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Saba Capital Management, L.P., a notable investment firm led by Boaz Weinstein, has recently increased its holdings in Eaton (NYSE:ETN) Vance New York Municipal Bond Fund (NYSE:ENX), a fund known for its attractive 5.27% dividend yield. According to a Form 4 filing with the Securities and Exchange Commission, Saba Capital purchased 7,708 shares of common stock on January 10, 2025. The shares were acquired at a price of $9.43 each, bringing the total transaction value to approximately $72,686. According to InvestingPro, ENX has maintained dividend payments for 24 consecutive years.
Following this acquisition, Saba Capital Management now holds a total of 3,352,108 shares in the fund. This move underscores the firm's continued interest in the municipal bond market, particularly within the New York region. InvestingPro data shows the fund maintains a strong financial health score of 2.61 (GOOD), with liquid assets exceeding short-term obligations and demonstrating historically low price volatility with a beta of 0.59.
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