Saba Capital Management, L.P. and Boaz Weinstein, both significant stakeholders in the Eaton (NYSE:ETN) Vance New York Municipal Bond Fund (NYSE:ENX), recently disclosed substantial stock purchases. On December 5 and 6, the entities acquired a total of 32,718 shares, with transaction prices ranging from $9.90 to $9.93 per share. The total value of these acquisitions amounted to approximately $324,519. Following these transactions, the combined ownership now stands at 3,189,331 shares.
The fund, which boasts a 5.02% dividend yield and has maintained dividend payments for 23 consecutive years according to InvestingPro, has delivered a 12.24% total return over the past year. With a strong current ratio of 2.34 and an overall GOOD financial health score, the fund demonstrates solid fundamentals. Want deeper insights into insider trading patterns and more exclusive ProTips? Check out InvestingPro for comprehensive analysis.
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