Eaton Vance Total Return Bond ETF (NYSEARCA:EVTR) Sees Unusually-High Trading Volume – Should You Buy?

Eaton Vance Total Return Bond ETF (NYSEARCA:EVTR) shares saw strong trading volume on Friday . 1,122,631 shares changed hands during trading, an increase of 87% from the previous session’s volume of 601,176 shares.The stock last traded at $51.6050 and had previously closed at $51.64.

Eaton Vance Total Return Bond ETF Price Performance

The stock’s 50-day moving average is $51.58 and its 200 day moving average is $51.50.

Eaton Vance Total Return Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Friday, January 30th were issued a $0.2071 dividend. The ex-dividend date of this dividend was Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 4.8%. This is an increase from Eaton Vance Total Return Bond ETF’s previous monthly dividend of $0.21.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Ameriprise Financial Inc. boosted its position in shares of Eaton Vance Total Return Bond ETF by 7,951.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,438,333 shares of the company’s stock worth $125,366,000 after purchasing an additional 2,408,047 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in Eaton Vance Total Return Bond ETF by 18.2% during the second quarter. Osaic Holdings Inc. now owns 1,593,836 shares of the company’s stock worth $81,065,000 after buying an additional 245,780 shares in the last quarter. Prodigy Asset Management LLC purchased a new stake in Eaton Vance Total Return Bond ETF during the third quarter worth about $76,988,000. Bank of America Corp DE grew its position in Eaton Vance Total Return Bond ETF by 85.4% during the third quarter. Bank of America Corp DE now owns 1,396,549 shares of the company’s stock worth $71,852,000 after buying an additional 643,175 shares during the period. Finally, Raymond James Financial Inc. increased its holdings in Eaton Vance Total Return Bond ETF by 20.9% in the third quarter. Raymond James Financial Inc. now owns 1,230,791 shares of the company’s stock valued at $63,324,000 after buying an additional 212,915 shares in the last quarter.

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.