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Upturn AI SWOT - About
Eaton Vance New York MBF (ENX)
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Upturn Advisory Summary
03/13/2025: ENX (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -2.17% | Avg. Invested days 42 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 03/13/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 176.56M USD | Price to earnings Ratio 31.71 | 1Y Target Price 68.24 |
Price to earnings Ratio 31.71 | 1Y Target Price 68.24 | ||
Volume (30-day avg) 35183 | Beta 0.58 | 52 Weeks Range 8.88 - 9.88 | Updated Date 03/30/2025 |
52 Weeks Range 8.88 - 9.88 | Updated Date 03/30/2025 | ||
Dividends yield (FY) 5.09% | Basic EPS (TTM) 0.31 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 45.51% | Operating Margin (TTM) 83.58% |
Management Effectiveness
Return on Assets (TTM) 2.15% | Return on Equity (TTM) 2.9% |
Valuation
Trailing PE 31.71 | Forward PE - | Enterprise Value 267270192 | Price to Sales(TTM) 13.94 |
Enterprise Value 267270192 | Price to Sales(TTM) 13.94 | ||
Enterprise Value to Revenue 8.67 | Enterprise Value to EBITDA - | Shares Outstanding 17961300 | Shares Floating - |
Shares Outstanding 17961300 | Shares Floating - | ||
Percent Insiders - | Percent Institutions 51.16 |
Analyst Ratings
Rating 3 | Target Price 68.24 | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold 1 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Eaton Vance New York MBF
Company Overview
History and Background
Eaton Vance New York Municipal Bond Fund (NYMBX) is a closed-end management investment company. It invests primarily in investment-grade municipal obligations, offering current income exempt from federal and New York state income taxes.
Core Business Areas
- Municipal Bond Investments: Invests primarily in investment-grade municipal obligations that are exempt from federal and New York state income taxes, seeking current income.
Leadership and Structure
The fund is managed by Eaton Vance Management. Portfolio management is typically overseen by experienced investment professionals.
Top Products and Market Share
Key Offerings
- Municipal Bond Fund: A diversified portfolio of municipal bonds issued by New York state and local governments, offering tax-exempt income to shareholders. Market share data is not directly available as the fund operates within a broad market of municipal bond funds. Competitors include other closed-end and open-end municipal bond funds.
Market Dynamics
Industry Overview
The municipal bond market is influenced by interest rates, credit ratings, and state and local government finances. Demand for tax-exempt income drives investment in this sector.
Positioning
NYMBX is positioned to provide New York state residents with tax-advantaged income through investments in municipal bonds. It is a smaller player within the broader municipal bond fund market.
Total Addressable Market (TAM)
The total municipal bond market is in the trillions of dollars. NYMBX is a small part of this, catering to investors specifically seeking New York tax-exempt income.
Upturn SWOT Analysis
Strengths
- Tax-exempt income for New York residents
- Managed by an experienced investment firm (Eaton Vance)
- Diversified portfolio of municipal bonds
Weaknesses
- Closed-end fund structure can lead to trading at a discount to NAV
- Susceptible to interest rate risk
- Concentration in New York municipal bonds
Opportunities
- Increased demand for tax-exempt income in a high-tax environment
- Potential for capital appreciation from improving credit quality of holdings
- Expansion of investment strategies within the municipal bond market
Threats
- Rising interest rates
- Deterioration of New York state and local government finances
- Changes in tax laws that reduce the attractiveness of municipal bonds
Competitors and Market Share
Key Competitors
- VNY (Nuveen New York Municipal Value Fund)
- MMV (PIMCO Municipal Income Fund II)
- NY City Funds (Multiple)
Competitive Landscape
NYMBX competes with other New York-specific municipal bond funds and national municipal bond funds for investor capital. Its performance relative to peers determines its success.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Growth is constrained by the availability of suitable New York municipal bonds. The fund's size is relatively stable.
Future Projections: Future growth depends on market conditions and investor demand for tax-exempt income. Analyst estimates are generally not applicable to specific closed-end funds like this.
Recent Initiatives: Eaton Vance may adjust the fund's portfolio to optimize performance and manage risk.
Summary
Eaton Vance New York MBF is a specialized closed-end fund providing tax-exempt income for New York residents. Its performance is highly dependent on interest rates and the financial health of New York municipalities. The fund offers a stable income stream but is susceptible to market volatility and credit risk. Changes in tax laws could significantly impact its attractiveness. Monitoring interest rate movements and New York's fiscal condition is crucial.
Similar Companies
- VNY
- MMV
- MUB
Sources and Disclaimers
Data Sources:
- Eaton Vance Fund Website
- SEC Filings
- Financial Data Providers (e.g., Bloomberg, Reuters)
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Investment decisions should be based on individual circumstances and consultation with a qualified financial advisor. Market share data is approximate and may vary depending on the source.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Eaton Vance New York MBF
Exchange NYSE MKT | Headquaters Boston, MA, United States | ||
IPO Launch date 2002-08-28 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
Eaton Vance New York Municipal Bond Fund is a close-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in the fixed income market of United States. It invests primarily in high grade municipal obligations comprising of various industries, such as general obligations, hospital, electric utilities, transportation, water and sewer, public education, and private education. Eaton Vance New York Municipal Bond Fund was formed in 2002 and is domiciled in United States.
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