Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Stock Price Up 0.5% – Still a Buy?

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) traded up 0.5% during mid-day trading on Tuesday . The company traded as high as $10.27 and last traded at $10.26. 135,781 shares traded hands during mid-day trading, a decline of 18% from the average session volume of 165,008 shares. The stock had previously closed at $10.21.

Eaton Vance Municipal Bond Fund Stock Up 0.5 %

Eaton Vance Municipal Bond Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.0508 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.61 annualized dividend and a dividend yield of 5.94%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in Eaton Vance Municipal Bond Fund during the fourth quarter valued at approximately $6,305,000. Sit Investment Associates Inc. increased its position 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 valued at $14,902,000 after acquiring an additional 524,967 shares during the period. Absolute Investment Advisers LLC bought a new position in Eaton Vance Municipal Bond Fund during the 4th quarter valued at approximately $2,456,000. Hennion & Walsh Asset Management Inc. increased its position in Eaton Vance Municipal Bond Fund by 33.6% during the 4th 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 period. Finally, HighTower Advisors LLC bought a new position in Eaton Vance Municipal Bond Fund in the third quarter worth about $1,901,000.

Eaton Vance Municipal Bond Fund Company Profile

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.