Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Sees Unusually-High Trading Volume – Here’s What Happened

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) shares saw strong trading volume on Wednesday . 224,084 shares changed hands during trading, an increase of 161% from the previous session’s volume of 85,711 shares.The stock last traded at $49.01 and had previously closed at $48.92.

Eaton Vance Floating Rate ETF Price Performance

The company’s 50 day simple moving average is $48.72 and its two-hundred day simple moving average is $48.69.

Institutional Trading of Eaton Vance Floating Rate ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. purchased a new position in Eaton Vance Floating Rate ETF in the third quarter valued at about $27,435,000. Flow Traders U.S. LLC acquired a new stake in shares of Eaton Vance Floating Rate ETF during the 3rd quarter valued at about $1,174,000. Eldridge Investment Advisors Inc. lifted its holdings in shares of Eaton Vance Floating Rate ETF by 0.6% during the 4th quarter. Eldridge Investment Advisors Inc. now owns 189,982 shares of the company’s stock valued at $9,399,000 after buying an additional 1,102 shares during the last quarter. HBK Sorce Advisory LLC acquired a new stake in shares of Eaton Vance Floating Rate ETF during the 2nd quarter valued at about $206,000. Finally, Oxbow Advisors LLC bought a new stake in shares of Eaton Vance Floating Rate ETF in the 2nd quarter valued at approximately $122,000.

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.