Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Sees Strong Trading Volume – Still a Buy?

Posted by Lauren Steadman on May 11th, 2025

Shares of Eaton Vance Floating Rate ETF (NYSEARCA:EVLN – Get Free Report) saw unusually-strong trading volume on Friday . Approximately 143,570 shares were traded during mid-day trading, an increase of 79% from the previous session’s volume of 80,056 shares.The stock last traded at $49.59 and had previously closed at $49.48.

Eaton Vance Floating Rate ETF Trading Down 0.0 %

The business’s 50-day moving average price is $49.37 and its 200 day moving average price is $50.07.

Eaton Vance Floating Rate ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 31st were paid a $0.3116 dividend. The ex-dividend date of this dividend was 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 stake in shares of Eaton Vance Floating Rate ETF (NYSEARCA:EVLN – Free Report) by 143.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,137 shares of the company’s stock after purchasing an additional 34,850 shares during the quarter. Eldridge Investment Advisors Inc. owned 0.38% of Eaton Vance Floating Rate ETF worth $2,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.