In recent transactions, Saba Capital Management, L.P., and Boaz Weinstein have increased their holdings in Eaton (NYSE:ETN) Vance New York Municipal Bond Fund (NYSE:ENX), a fund that offers a compelling 5.02% dividend yield and has maintained dividend payments for 23 consecutive years according to InvestingPro. The acquisitions occurred on December 3 and December 4, involving a total purchase of 6,454 shares of common stock. The transactions were executed at prices ranging from $9.93 to $9.94 per share, amounting to a total investment of $64,124.
Following these transactions, Saba Capital Management and Weinstein's holdings in the fund have increased to 3,156,613 shares. These moves reflect continued interest and investment in the municipal bond fund by the reporting owners, who are identified as ten percent owners of the fund. The fund demonstrates strong financial stability with a current ratio of 2.34 and relatively low volatility with a beta of 0.59. InvestingPro analysis reveals several additional key metrics and insights available to subscribers.
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