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

Eaton Vance Floating Rate ETF (NYSEARCA:EVLNGet Free Report)’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:EVLNFree Report) 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

(Get Free Report)

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.

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