Eaton Vance Total Return Bond ETF (NYSE:EVTR) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Eaton Vance Total Return Bond ETF (NYSE:EVTR) saw unusually-strong trading volume on Monday . Approximately 1,067,034 shares were traded during mid-day trading, an increase of 92% from the previous session’s volume of 556,878 shares.The stock last traded at $49.3540 and had previously closed at $49.32.

Eaton Vance Total Return Bond ETF Stock Up 0.1%

The stock has a fifty day moving average of $50.16 and a 200-day moving average of $50.69.

Institutional Investors Weigh In On Eaton Vance Total Return Bond ETF

A number of institutional investors have recently bought and sold shares of EVTR. Morgan Stanley grew its stake in Eaton Vance Total Return Bond ETF by 24.1% in the fourth quarter. Morgan Stanley now owns 28,229,610 shares of the company’s stock valued at $1,453,825,000 after purchasing an additional 5,473,066 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Eaton Vance Total Return Bond ETF by 39.7% during the fourth quarter. Wells Fargo & Company MN now owns 4,279,738 shares of the company’s stock valued at $220,407,000 after buying an additional 1,215,336 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Eaton Vance Total Return Bond ETF by 60.0% in the 1st quarter. Bank of America Corp DE now owns 3,566,409 shares of the company’s stock valued at $180,995,000 after acquiring an additional 1,336,772 shares in the last quarter. LPL Financial LLC raised its position in shares of Eaton Vance Total Return Bond ETF by 28.0% in the fourth quarter. LPL Financial LLC now owns 2,622,043 shares of the company’s stock valued at $135,035,000 after purchasing an additional 573,492 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in Eaton Vance Total Return Bond ETF by 7,951.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,438,333 shares of the company’s stock worth $125,366,000 after acquiring an additional 2,408,047 shares during the last quarter.

Eaton Vance Total Return Bond ETF Company Profile

The Eaton Vance Total Return Bond ETF (EVTR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that aims to invest in USD-denominated, investment grade securities from government and corporate issuers. The fund aims to maintain an average weighted maturity between five and ten years. EVTR was launched on Nov 14, 1984 and is issued by Eaton Vance.