Eaton Vance Ltd Duration Income Fund (NYSEAMERICAN:EVV) Shares Up 6.9%

Eaton Vance Ltd Duration Income Fund (NYSEAMERICAN:EVV) shot up 6.9% during trading on Tuesday . The stock traded as high as $9.16 and last traded at $8.87, 1,084,100 shares changed hands during mid-day trading. An increase of 89% from the average session volume of 574,135 shares. The stock had previously closed at $8.30.

The business also recently announced a monthly dividend, which was paid on Thursday, March 19th. Shareholders of record on Thursday, March 12th were paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 12.32%. The ex-dividend date of this dividend was Wednesday, March 11th.

In other Eaton Vance Ltd Duration Income Fund news, major shareholder Group Ag Ubs purchased 10,355 shares of the stock in a transaction dated Monday, January 6th. The stock was acquired at an average cost of $13.27 per share, for a total transaction of $137,410.85. Over the last quarter, insiders have bought 137,190 shares of company stock valued at $1,818,487.

Institutional investors have recently made changes to their positions in the stock. Usca Ria LLC purchased a new position in shares of Eaton Vance Ltd Duration Income Fund in the 4th quarter valued at about $228,000. Chicago Partners Investment Group LLC boosted its stake in shares of Eaton Vance Ltd Duration Income Fund by 5.4% in the 4th quarter. Chicago Partners Investment Group LLC now owns 1,133,701 shares of the company’s stock valued at $15,078,000 after buying an additional 57,596 shares during the period. Chapwood Capital Investment Management LLC purchased a new position in shares of Eaton Vance Ltd Duration Income Fund in the 4th quarter valued at about $179,000. Janney Montgomery Scott LLC boosted its stake in shares of Eaton Vance Ltd Duration Income Fund by 12.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 66,998 shares of the company’s stock valued at $888,000 after buying an additional 7,438 shares during the period. Finally, Huntington National Bank purchased a new position in shares of Eaton Vance Ltd Duration Income Fund in the 4th quarter valued at about $44,000.

About Eaton Vance Ltd Duration Income Fund (NYSEAMERICAN:EVV)

Eaton Vance Limited Duration Income Fund is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in the fixed income markets of the United States. It primarily invests in senior, secured floating-rate loans, government agency mortgage-backed securities, and corporate bonds that are rated below investment grade.

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