After grabbing 1.48 million shares, the institutional investor is now in possession of 1.48 million shares of the Financial Company. The new investment brought the stake of investor firm to 5.94% having worth around $12.82 million. Moreover, Wells Fargo Advisors Financial Ne increased its share by 0.19 million to have a control over 0.42 million shares. And Advisors Asset Management, Inc. raised its holdings to 57999.0 shares by acquiring 0.41 million shares or 1.66% of the stake.
Eaton Vance California Municipal Bond Fund (EVM) concluded trading on 01/18/23 at a closing price of $9.07, with 0.2 million shares of worth about $1.86 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -3.92% during that period and on Wednesday the price saw a gain of about 1.34%. Currently the company’s common shares owned by public are about 24.99M shares, out of which, 24.99M shares are available for trading.
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Saba Closed End Funds ETF, AQR Diversified Arbitrage Fund, and Guggenheim Multi Hedge Strategies are the top 3 mutual funds which are holding stakes in Eaton Vance California Municipal Bond Fund Saba Closed End Funds ETF is currently holding 84686.0 shares of worth totaling $0.73 million. The company recently came buying 0.0 shares which brought its stake up to 0.34% of the company’s outstanding shares. AQR Diversified Arbitrage Fund bought 10728.0 shares, after which its hold over company’s outstanding shares expand to 0.29%, leaving 72362.0 shares with the mutual fund that have a worth of about $0.63 million. Guggenheim Multi Hedge Strategies, after buying 19501.0 shares, have now control over 0.08% of the stake in the company. It holds 6116.0 shares of worth $0.17 million.
However, the stock later moved at a day high price of 9.07, or with a gain of 1.34%. Stock saw a price change of 2.02% in past 5 days and over the past one month there was a price change of 2.02%. Year-to-date (YTD), EVM shares are showing a performance of 4.98% which decreased to -19.66% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.04 but also hit the highest price of $11.29 during that period. The average intraday trading volume for Eaton Vance California Municipal Bond Fund shares is 122.57K. The stock is currently trading 3.27% above its 20-day simple moving average (SMA20), while that difference is up 4.26% for SMA50 and it goes to 0.42% higher than SMA200.
Saba Capital Management LP acquired 1.48 million shares of Eaton Vance California Municipal Bond Fund having value of about $12.82 million. Eaton Vance California Municipal Bond Fund (AMEX: EVM) currently have 24.99M outstanding shares and institutions hold larger chunk of about 41.05% of that. Holding of mutual funds in the company is about 0.74% while other institutional holders and individual stake holders have control over 27.16% and — of the stake respectively.
The stock has a current market capitalization of $226.70M. PE ratio of stock for trailing 12 months is 28.89, while it has posted earnings per share of $0.31 in the same period. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EVM, volatility over the week remained 0.91% while standing at 0.98% over the month.
