Eaton Vance Total Return Bond ETF (NYSE:EVTR) Sees Large Volume Increase – Should You Buy?

Eaton Vance Total Return Bond ETF (NYSE:EVTR) saw an uptick in trading volume on Thursday. Approximately 1,854,637 shares traded hands during trading, an increase of 211% from the previous session’s volume of 596,471 shares. The stock last traded at $48.2260 and had previously closed at $48.19.

Eaton Vance Total Return Bond ETF Stock Performance

The stock’s 50-day moving average price is $49.70 and its 200-day moving average price is $50.41.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Continuum Advisory LLC acquired a new stake in Eaton Vance Total Return Bond ETF in the 2nd quarter valued at about $33,000. Legacy Wealth Managment LLC ID purchased a new stake in shares of Eaton Vance Total Return Bond ETF in the first quarter valued at about $47,000. Cornerstone Financial Management LLC acquired a new stake in shares of Eaton Vance Total Return Bond ETF in the fourth quarter valued at approximately $71,000. Allworth Financial LP increased its stake in shares of Eaton Vance Total Return Bond ETF by 134.8% during the 2nd quarter. Allworth Financial LP now owns 1,430 shares of the company’s stock worth $73,000 after purchasing an additional 821 shares in the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new position in shares of Eaton Vance Total Return Bond ETF during the 4th quarter worth approximately $110,000.

About Eaton Vance Total Return Bond ETF

The Eaton Vance Total Return Bond ETF (EVTR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that aims to invest in USD-denominated, investment grade securities from government and corporate issuers. The fund aims to maintain an average weighted maturity between five and ten years. EVTR was launched on Nov 14, 1984 and is issued by Eaton Vance.