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Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds
Business Wire (Mon, 1-Apr 4:30 PM ET)
The Fund’s investment objective is to provide current income exempt from federal income tax, including alternative minimum tax (AMT), and California personal income tax. Attractive tax-exempt monthly income– The Fund intends to make monthly distributions of net investment income, after payment of any dividends on any outstanding preferred shares. An objective of current income – The Fund’s portfolio manager will purchase and sell securities in an effort to maintain a competitive yield and to enhance return based on the relative value of the securities available in the market place.
Ev Ca Muni-Bond trades on the AMEX stock market under the symbol EVM.
As of April 17, 2024, EVM stock price declined to $9.14 with 33,526 million shares trading.
EVM has a beta of 0.36, meaning it tends to be less sensitive to market movements. EVM has a correlation of 0.13 to the broad based SPY ETF.
EVM has a market cap of $225.51 million. This is considered a Small Cap stock.
In the last 3 years, EVM stock traded as high as $12.36 and as low as $7.67.
EVM has underperformed the market in the last year with a price return of +4.9% while the SPY ETF gained +23.4%. EVM has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.5% and -3.9%, respectively, while the SPY returned +6.1% and -3.2%, respectively.
EVM support price is $9.10 and resistance is $9.22 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EVM stock will trade within this expected range on the day.