Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Sets New 12-Month Low – Should You Sell?

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) reached a new 52-week low on Monday . The company traded as low as $50.61 and last traded at $50.61, with a volume of 4005 shares trading hands. The stock had previously closed at $50.81.

Eaton Vance Short Duration Income ETF Stock Down 0.4%

The stock’s fifty day moving average price is $50.85 and its two-hundred day moving average price is $51.05.

Eaton Vance Short Duration Income ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, August 6th. Shareholders of record on Friday, July 31st were given a $0.1976 dividend. The ex-dividend date was Friday, July 31st.

Institutional Investors Weigh In On Eaton Vance Short Duration Income ETF

Several institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. bought a new position in shares of Eaton Vance Short Duration Income ETF during the third quarter valued at about $15,875,000. Prism Advisors Inc. purchased a new stake in shares of Eaton Vance Short Duration Income ETF in the 1st quarter worth about $15,230,000. Janney Montgomery Scott LLC boosted 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 acquiring an additional 175,631 shares in the last quarter. Equitable Holdings Inc. bought a new stake in shares of Eaton Vance Short Duration Income ETF during the second quarter valued at approximately $691,000. Finally, Eldridge Investment Advisors Inc. grew its position in shares of Eaton Vance Short Duration Income ETF by 145.7% in the 4th quarter. Eldridge Investment Advisors Inc. now owns 55,895 shares of the company’s stock worth $2,875,000 after buying an additional 33,145 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.