Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Hits New 52-Week Low – Time to Sell?

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD)’s stock price hit a new 52-week low on Tuesday . The stock traded as low as $50.71 and last traded at $50.73, with a volume of 100774 shares traded. The stock had previously closed at $50.83.

Eaton Vance Short Duration Income ETF Trading Up 0.1%

The business has a 50-day moving average price of $50.93 and a 200-day moving average price of $51.20.

Eaton Vance Short Duration Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.1902 per share. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Tuesday, June 30th.

Institutional Investors Weigh In On Eaton Vance Short Duration Income ETF

Several large investors have recently made changes to their positions in EVSD. Prism Advisors Inc. bought a new stake in Eaton Vance Short Duration Income ETF during the first quarter worth about $15,230,000. First American Bank bought a new position in shares of Eaton Vance Short Duration Income ETF in the first quarter valued at about $571,000. Eldridge Investment Advisors Inc. raised its stake in shares of Eaton Vance Short Duration Income ETF by 145.7% in the fourth quarter. Eldridge Investment Advisors Inc. now owns 55,895 shares of the company’s stock worth $2,875,000 after acquiring an additional 33,145 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Eaton Vance Short Duration Income ETF by 893.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 195,285 shares of the company’s stock worth $10,046,000 after buying an additional 175,631 shares in the last quarter. Finally, Ameriprise Financial Inc. acquired a new position in shares of Eaton Vance Short Duration Income ETF during the third quarter valued at $15,875,000.

About Eaton Vance Short Duration Income ETF

The Eaton Vance Short Duration Income ETF (EVSD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of diversified USD-denominated fixed income securities with few restrictions on type and credit quality. The ETF aims to have an average duration of three years or less, while seeking above average returns over a market cycle of three to five years EVSD was launched on Mar 31, 1992 and is issued by Eaton Vance.