In a recent transaction, Saba Capital Management, L.P., a significant shareholder of the Eaton (NYSE:ETN) Vance California Municipal Bond Fund (NYSE:EVM), purchased 8,171 shares of the fund. The acquisition was made at a price of $9.47 per share, totaling approximately $77,379. Following this transaction, Saba Capital Management now holds 3,554,803 shares of the fund indirectly. The fund, which currently offers a 5.26% dividend yield, has demonstrated strong performance with an 8.87% return year-to-date. According to InvestingPro, EVM has maintained dividend payments for 23 consecutive years, showcasing its commitment to shareholder returns. The filing was signed by Zachary Gindes on behalf of Saba Capital Management and by Boaz Weinstein, another significant owner, on December 3, 2024. InvestingPro analysis reveals the fund maintains a GOOD overall financial health score, with particularly strong cash flow metrics. Unlock more insights and 2 additional ProTips with an InvestingPro subscription.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.