Eaton Vance New York Municipal Bond Fund Price & Performance (ENX)

Saba Capital Management recently acquired 23,538 shares of Eaton Vance New York Municipal Bond Fund at $9.05 each, totaling $213,018. This move boosts Saba’s total holdings to nearly 3.7 million shares, highlighting continued institutional interest. The fund maintains a 5.55% yield and steady dividend history despite recent price volatility.12

Eaton Vance New York Municipal Bond Fund (ENX) touched a 52-week low of $9.25 amid broader market shifts. Despite this, ENX has delivered a positive year-to-date return and continues its 24-year streak of dividend payments, offering a 5.23% yield. The fund’s financial health remains strong, reassuring investors.34

Anticipation of Federal Reserve interest rate cuts is reviving interest in bonds and fixed income ETFs. With inflation cooling and consumer spending stable, the bond market could benefit from a potential 50 basis point cut next month, offering a tailwind for funds like those managed by Eaton Vance.56