Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Reaches New 12-Month Low – Here’s What Happened

Shares of Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) reached a new 52-week low on Friday . The company traded as low as $50.30 and last traded at $50.30, with a volume of 398 shares trading hands. The stock had previously closed at $50.88.

Eaton Vance Short Duration Income ETF Price Performance

The company has a 50-day simple moving average of $50.90 and a 200-day simple moving average of $51.15.

Eaton Vance Short Duration Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.1902 per share. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Tuesday, June 30th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Prism Advisors Inc. bought a new stake in Eaton Vance Short Duration Income ETF during the 1st quarter worth about $15,230,000. First American Bank acquired a new stake in Eaton Vance Short Duration Income ETF in the 1st quarter valued at about $571,000. Eldridge Investment Advisors Inc. increased its position in 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 valued at $2,875,000 after acquiring an additional 33,145 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Eaton Vance Short Duration Income ETF by 3.9% in the first quarter. Janney Montgomery Scott LLC now owns 202,908 shares of the company’s stock worth $10,336,000 after acquiring an additional 7,623 shares during the last quarter. Finally, Ameriprise Financial Inc. bought a new stake in shares of Eaton Vance Short Duration Income ETF during the third quarter valued at approximately $15,875,000.

Eaton Vance Short Duration Income ETF Company Profile

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.