Saba Capital Management, L.P., a significant shareholder in Eaton (NYSE:) Vance California Municipal Bond Fund (NYSE:EVM), has increased its holdings in the company. According to a recent SEC filing, Saba Capital Management acquired a total of 33,501 shares over two transactions on December 23 and December 24, 2024. The shares were purchased at a consistent price of $9.15 each, amounting to a total investment of approximately $306,534. The fund, which boasts a notable 5.42% dividend yield and a 23-year track record of consistent dividend payments according to InvestingPro, has demonstrated remarkable stability with a beta of 0.51.
Following these transactions, Saba Capital Management now holds a total of 3,807,771 shares in Eaton Vance California Municipal Bond Fund. The acquisitions highlight Saba Capital’s continued interest in the fund, as the firm remains a ten percent owner.
Boaz Weinstein, associated with Saba Capital Management, also signed off on the transactions, indicating his involvement in the decision-making process. The transactions were finalized and reported to the SEC on December 27, 2024.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
