Financial Alternatives Inc Makes New Investment in Eaton Vance High Yield ETF $EVHY

Financial Alternatives Inc purchased a new position in shares of Eaton Vance High Yield ETF (NYSEARCA:EVHY) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 180,120 shares of the company’s stock, valued at approximately $1,490,000. Eaton Vance High Yield ETF comprises approximately 0.7% of Financial Alternatives Inc’s investment portfolio, making the stock its 16th largest holding. Financial Alternatives Inc owned approximately 0.36% of Eaton Vance High Yield ETF as of its most recent SEC filing.

Separately, Wealth Effects LLC acquired a new position in shares of Eaton Vance High Yield ETF during the second quarter worth $147,000.

Eaton Vance High Yield ETF Stock Up 0.2%

Eaton Vance High Yield ETF stock opened at $52.24 on Thursday. Eaton Vance High Yield ETF has a 12-month low of $48.57 and a 12-month high of $53.63. The firm’s fifty day moving average price is $52.27 and its 200 day moving average price is $52.40.

Eaton Vance High Yield ETF Profile

The Eaton Vance High Yield ETF (EVHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, investing in a broad portfolio of US corporate high yield debt securities with varying maturities. The fund aims for high levels of income and capital growth EVHY was launched on Oct 16, 2023 and is issued by Eaton Vance.