Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Reaches New 1-Year Low – Time to Sell?

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $49.73 and last traded at $49.73, with a volume of 144280 shares. The stock had previously closed at $49.88.

Eaton Vance Floating Rate ETF Stock Up 0.1 %

The firm’s fifty day simple moving average is $50.32 and its 200-day simple moving average is $50.38.

Eaton Vance Floating Rate ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, February 6th. Stockholders of record on Friday, January 31st were paid a $0.3196 dividend. The ex-dividend date of this dividend was Friday, January 31st.

Institutional Trading of Eaton Vance Floating Rate ETF

An institutional investor recently bought a new position in Eaton Vance Floating Rate ETF stock. Flow Traders U.S. LLC bought a new stake in shares of Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 35,500 shares of the company’s stock, valued at approximately $1,778,000. Flow Traders U.S. LLC owned 0.23% of Eaton Vance Floating Rate ETF at the end of the most recent quarter.

Eaton Vance Floating Rate ETF Company Profile

The Eaton Vance Floating-Rate ETF (EVLN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, seeking high current income by holding sub-investment grade floating-rate loans and corporate debts issued globally. EVLN was launched on Feb 6, 2024 and is issued by Eaton Vance.