Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Shares Down 0.3%

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) fell 0.3% during trading on Wednesday . The company traded as low as $10.50 and last traded at $10.52. 168,287 shares were traded during trading, a decline of 3% from the average session volume of 174,170 shares. The stock had previously closed at $10.55.

Eaton Vance Municipal Bond Fund Stock Performance

Eaton Vance Municipal Bond Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 21st will be given a dividend of $0.0468 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.31%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. AQR Arbitrage LLC lifted its holdings in Eaton Vance Municipal Bond Fund by 66.8% during the 3rd quarter. AQR Arbitrage LLC now owns 419,819 shares of the company’s stock worth $3,762,000 after purchasing an additional 168,115 shares in the last quarter. Fortitude Family Office LLC purchased a new stake in Eaton Vance Municipal Bond Fund during the 4th quarter worth about $59,000. Allspring Global Investments Holdings LLC lifted its holdings in Eaton Vance Municipal Bond Fund by 21.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,285,669 shares of the company’s stock worth $13,024,000 after purchasing an additional 223,036 shares in the last quarter. Mathes Company Inc. purchased a new stake in Eaton Vance Municipal Bond Fund during the 4th quarter worth about $1,230,000. Finally, Robinson Capital Management LLC lifted its holdings in Eaton Vance Municipal Bond Fund by 10.1% during the 4th quarter. Robinson Capital Management LLC now owns 355,382 shares of the company’s stock worth $3,574,000 after purchasing an additional 32,566 shares in the last quarter.

About Eaton Vance Municipal Bond Fund

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.