Eaton Vance Total Return Bond ETF (NYSE:EVTR) Hits New 52-Week Low – What’s Next?

Eaton Vance Total Return Bond ETF (NYSE:EVTR) shares reached a new 52-week low during trading on Wednesday. The stock traded as low as $47.97 and last traded at $48.1350, with a volume of 36689 shares traded. The stock had previously closed at $48.27.

Eaton Vance Total Return Bond ETF Stock Performance

The company has a 50 day simple moving average of $49.62 and a two-hundred day simple moving average of $50.36.

Hedge Funds Weigh In On Eaton Vance Total Return Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of EVTR. Bank of America Corp DE increased its position in shares of Eaton Vance Total Return Bond ETF by 60.0% during 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 purchasing an additional 1,336,772 shares during the last quarter. LPL Financial LLC lifted its position in 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 worth $135,035,000 after buying an additional 573,492 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Eaton Vance Total Return Bond ETF by 34.2% in the second quarter. Envestnet Asset Management Inc. now owns 2,121,112 shares of the company’s stock worth $107,562,000 after buying an additional 540,192 shares during the last quarter. Provenance Wealth Advisors LLC bought a new stake in Eaton Vance Total Return Bond ETF in the first quarter worth $71,297,000. Finally, PNC Financial Services Group Inc. boosted its stake in Eaton Vance Total Return Bond ETF by 35.9% during the first quarter. PNC Financial Services Group Inc. now owns 1,293,704 shares of the company’s stock worth $65,655,000 after buying an additional 341,899 shares during the period.

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.