Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Sets New 52-Week Low – Here’s What Happened

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

Eaton Vance Floating Rate ETF Stock Down 0.1 %

The firm has a fifty day simple moving average of $50.15 and a two-hundred day simple moving average of $50.34.

Eaton Vance Floating Rate ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 31st will be given a dividend of $0.3116 per share. The ex-dividend date of this dividend is Monday, March 31st.

Institutional Trading of Eaton Vance Floating Rate ETF

A hedge fund recently raised its stake 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% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,137 shares of the company’s stock after acquiring 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 reporting period.

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.