Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Sets New 52-Week Low – Here’s What Happened

Shares of Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $49.48 and last traded at $49.49, with a volume of 3387 shares traded. The stock had previously closed at $49.49.

Eaton Vance Floating Rate ETF Price Performance

The business’s 50-day simple moving average is $50.15 and its 200 day simple moving average is $50.34.

Eaton Vance Floating Rate ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 31st will be given a dividend of $0.3116 per share. The ex-dividend date is Monday, March 31st.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Eaton Vance Floating Rate ETF stock. Eldridge Investment Advisors Inc. increased its holdings in Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) by 143.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,137 shares of the company’s stock after buying an additional 34,850 shares during the quarter. Eldridge Investment Advisors Inc. owned 0.38% of Eaton Vance Floating Rate ETF worth $2,978,000 at the end of the most recent reporting period.

About Eaton Vance Floating Rate ETF

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.