Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Sets New 1-Year Low – Should You Sell?

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN)’s stock price hit a new 52-week low on Monday . The stock traded as low as $49.48 and last traded at $49.49, with a volume of 3387 shares changing hands. The stock had previously closed at $49.49.

Eaton Vance Floating Rate ETF Trading Down 0.1 %

The firm has a fifty day moving average price of $50.19 and a two-hundred day moving average price of $50.35.

Eaton Vance Floating Rate ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Friday, January 31st were issued a $0.3196 dividend. The ex-dividend date was Friday, January 31st.

Hedge Funds Weigh In On Eaton Vance Floating Rate ETF

An institutional investor recently raised its position in Eaton Vance Floating Rate ETF stock. Eldridge Investment Advisors Inc. raised its holdings in shares of Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) by 143.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,137 shares of the company’s stock after buying an additional 34,850 shares during the period. Eldridge Investment Advisors Inc. owned about 0.38% of Eaton Vance Floating Rate ETF worth $2,978,000 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.