Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Reaches New 12-Month Low – Here’s What Happened

Shares of Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) reached a new 52-week low on Friday . The stock traded as low as $50.30 and last traded at $50.30, with a volume of 398 shares traded. The stock had previously closed at $50.88.

Eaton Vance Short Duration Income ETF Price Performance

The stock has a 50-day simple moving average of $50.90 and a 200 day simple moving average of $51.15.

Eaton Vance Short Duration Income ETF Cuts Dividend

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

Hedge Funds Weigh In On Eaton Vance Short Duration Income ETF

Several hedge funds have recently added to or reduced their stakes in the company. Studio Investment Management LLC acquired a new stake in Eaton Vance Short Duration Income ETF in the fourth quarter worth about $208,000. First American Bank bought a new stake in Eaton Vance Short Duration Income ETF during the 1st quarter worth about $571,000. Eldridge Investment Advisors Inc. raised its holdings in Eaton Vance Short Duration Income ETF by 145.7% during the 4th quarter. Eldridge Investment Advisors Inc. now owns 55,895 shares of the company’s stock worth $2,875,000 after purchasing an additional 33,145 shares during the last quarter. Janney Montgomery Scott LLC lifted its position 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 valued at $10,046,000 after purchasing an additional 175,631 shares during the period. Finally, Nemes Rush Group LLC lifted its position in Eaton Vance Short Duration Income ETF by 3.6% during the 4th quarter. Nemes Rush Group LLC now owns 196,156 shares of the company’s stock valued at $10,091,000 after purchasing an additional 6,833 shares during the period.

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.