Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Sets New 1-Year Low – Here’s What Happened

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) shares hit a new 52-week low on Wednesday. The company traded as low as $48.08 and last traded at $48.12, with a volume of 795 shares trading hands. The stock had previously closed at $48.16.

Eaton Vance Floating Rate ETF Trading Down 0.1%

The firm has a 50-day moving average of $48.66 and a 200 day moving average of $48.70.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Sanctuary Advisors LLC purchased a new position in shares of Eaton Vance Floating Rate ETF in the 2nd quarter worth approximately $113,000. Oxbow Advisors LLC acquired a new stake in shares of Eaton Vance Floating Rate ETF during the 2nd quarter valued at about $122,000. Fund Advisors of America Inc FL acquired a new stake in shares of Eaton Vance Floating Rate ETF in the second quarter valued at about $162,000. HBK Sorce Advisory LLC acquired a new stake in Eaton Vance Floating Rate ETF in the 2nd quarter valued at about $206,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Eaton Vance Floating Rate ETF during the 2nd quarter worth about $453,000.

About Eaton Vance Floating Rate ETF

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.