Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Stock Passes Below 50 Day Moving Average – Here’s What Happened

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM)’s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $10.14 and traded as low as $9.90. Eaton Vance Municipal Bond Fund shares last traded at $9.95, with a volume of 113,812 shares trading hands.

Eaton Vance Municipal Bond Fund Stock Up 0.6 %

The stock has a 50 day simple moving average of $10.14.

Eaton Vance Municipal Bond Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.0508 per share. This represents a $0.61 annualized dividend and a yield of 6.13%. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new position in Eaton Vance Municipal Bond Fund during the 4th quarter worth about $6,305,000. Sit Investment Associates Inc. raised its stake in shares of Eaton Vance Municipal Bond Fund by 57.5% in the fourth quarter. Sit Investment Associates Inc. now owns 1,438,451 shares of the company’s stock worth $14,902,000 after acquiring an additional 524,967 shares during the last quarter. Absolute Investment Advisers LLC acquired a new position in shares of Eaton Vance Municipal Bond Fund during the fourth quarter worth approximately $2,456,000. Hennion & Walsh Asset Management Inc. grew its stake in shares of Eaton Vance Municipal Bond Fund by 33.6% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 914,996 shares of the company’s stock valued at $9,479,000 after purchasing an additional 229,877 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new stake in shares of Eaton Vance Municipal Bond Fund in the third quarter valued at approximately $1,901,000.

About Eaton Vance Municipal Bond Fund

Eaton Vance Municipal Bond Fund is a closed ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests primarily in high grade municipal obligations. The fund's investment portfolio primarily includes investments in companies operating in the transportation, water and sewer, and electric utilities sectors.