Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Share Price Passes Below 50 Day Moving Average – What’s Next?

Shares of Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $9.75 and traded as low as $9.57. Eaton Vance Municipal Bond Fund shares last traded at $9.60, with a volume of 156,007 shares.

Eaton Vance Municipal Bond Fund Stock Down 0.7%

The stock’s 50 day moving average price is $9.75 and its 200-day moving average price is $9.81.

Eaton Vance Municipal Bond Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be paid a $0.0508 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) annualized dividend and a yield of 6.4%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of EIM. CWM LLC purchased a new stake in Eaton Vance Municipal Bond Fund during the 4th quarter valued at about $25,000. First Command Advisory Services Inc. purchased a new position in Eaton Vance Municipal Bond Fund in the 4th quarter worth approximately $39,000. Elyxium Wealth LLC bought a new stake in Eaton Vance Municipal Bond Fund in the fourth quarter valued at approximately $43,000. Hollencrest Capital Management bought a new stake in Eaton Vance Municipal Bond Fund in the fourth quarter valued at approximately $49,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Eaton Vance Municipal Bond Fund during the third quarter valued at approximately $88,000.

About Eaton Vance Municipal Bond Fund

The Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) is a closed-end management investment company that seeks to provide shareholders with high current income exempt from regular United States federal income tax. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds issued by state and local governments and their agencies. It may also hold tender option bonds and other municipal derivatives to help manage duration and enhance yield.

Managed by Eaton Vance Management, a leading asset management firm with a history dating back to 1924, the fund leverages the firm’s experience in fixed-income investing.