Intel stock spikes after report of possible US government stake
Saba Capital Management, L.P., led by Boaz Weinstein, has increased its holdings in Eaton (NYSE:ETN) Vance New York Municipal Bond Fund (NYSE:ENX) with a series of stock purchases. According to a recent SEC filing, the firm acquired a total of 45,146 shares of common stock over two days. The transactions, which took place on April 3 and April 4, 2025, were executed at prices ranging from $9.60 to $9.67 per share, amounting to a total investment of $436,512. The fund currently offers an attractive 5.23% dividend yield and has maintained dividend payments for 24 consecutive years, according to InvestingPro data.
Following these acquisitions, Saba Capital Management now holds a total of 3,576,488 shares in the fund. The purchases reflect the firm's strategy of increasing its stake in the municipal bond fund, which is known for its focus on New York-based municipal securities. InvestingPro analysis shows the fund generally trades with low price volatility and maintains a "GOOD" overall financial health score of 2.61. Subscribers can access 12+ additional ProTips and comprehensive financial metrics for ENX on the platform.
In other recent news, Euronext (EPA:ENX) reported strong financial results for the full year 2024, with revenue reaching €1,626.9 million, a 10.3% increase from the previous year. The company's adjusted EBITDA rose by 16.4% to €1 billion, reflecting robust growth across its various business segments. Euronext also announced the strategic acquisition of NASDAQ's Nordic Power Futures business, a move expected to enhance its market presence in the Nordic and Baltic regions. Additionally, Euronext's credit rating was upgraded from BBB+ to A- by S&P, indicating improved financial stability. The company has outlined plans for significant investments in 2025 to support future growth, with a focus on accelerating revenue and EBITDA growth by 2027. Euronext's trading and clearing revenues saw notable increases, with trading revenue up by 14.2% and clearing revenue growing by 19%. The company continues to focus on non-volume related revenue, which accounted for 58% of total revenue in 2024. These developments position Euronext well for continued growth in the coming years.
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