Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Sees Large Volume Increase – Time to Buy?

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) saw an uptick in trading volume on Wednesday . Approximately 423,123 shares were traded during mid-day trading, an increase of 412% from the previous session’s volume of 82,640 shares.The stock last traded at $48.8310 and had previously closed at $48.86.

Eaton Vance Floating Rate ETF Stock Performance

The business has a 50-day moving average price of $48.76 and a 200 day moving average price of $48.69.

Institutional Investors Weigh In On Eaton Vance Floating Rate ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new position in shares of Eaton Vance Floating Rate ETF in the second quarter worth about $113,000. Oxbow Advisors LLC purchased a new stake in shares of Eaton Vance Floating Rate ETF during the 2nd quarter valued at approximately $122,000. Fund Advisors of America Inc FL purchased a new stake in shares of Eaton Vance Floating Rate ETF during the 2nd quarter valued at approximately $162,000. HBK Sorce Advisory LLC bought a new position in Eaton Vance Floating Rate ETF in the 2nd quarter worth approximately $206,000. Finally, Altman Advisors Inc. bought a new position in Eaton Vance Floating Rate ETF in the 2nd quarter worth approximately $442,000.

Eaton Vance Floating Rate ETF Company Profile

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.