Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) Declares $0.07 Monthly Dividend

Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) announced a monthly dividend on Tuesday, September 1st. Stockholders of record on Monday, September 14th will be paid a dividend of 0.0695 per share on Thursday, September 24th. This represents a c) dividend on an annualized basis and a dividend yield of 9.2%. The ex-dividend date is Monday, September 14th.

Eaton Vance Limited Duration Income Fund Stock Performance

EVV opened at $9.07 on Wednesday. The firm’s 50-day moving average price is $9.21 and its 200-day moving average price is $9.37. Eaton Vance Limited Duration Income Fund has a 52-week low of $8.97 and a 52-week high of $10.41.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EVV. Ameriprise Financial Inc. lifted its stake in shares of Eaton Vance Limited Duration Income Fund by 11.0% during the second quarter. Ameriprise Financial Inc. now owns 4,005,680 shares of the company’s stock worth $41,100,000 after buying an additional 396,370 shares during the period. Bank of America Corp DE acquired a new position in shares of Eaton Vance Limited Duration Income Fund in the 2nd quarter valued at $2,401,000. NewEdge Advisors LLC increased its position in shares of Eaton Vance Limited Duration Income Fund by 130.2% in the 3rd quarter. NewEdge Advisors LLC now owns 246,654 shares of the company’s stock valued at $2,504,000 after acquiring an additional 139,521 shares during the period. Kanen Wealth Management LLC increased its position in shares of Eaton Vance Limited Duration Income Fund by 60.2% in the 1st quarter. Kanen Wealth Management LLC now owns 367,219 shares of the company’s stock valued at $3,665,000 after acquiring an additional 137,994 shares during the period. Finally, Cetera Investment Advisers raised its stake in Eaton Vance Limited Duration Income Fund by 15.1% in the 1st quarter. Cetera Investment Advisers now owns 933,420 shares of the company’s stock worth $8,821,000 after acquiring an additional 122,470 shares during the last quarter.

Eaton Vance Limited Duration Income Fund Company Profile

Eaton Vance Limited Duration Income Fund is a closed-end management investment company listed on the NYSE American exchange under the ticker EVV. The fund seeks to provide shareholders with a high level of current income and preservation of capital by investing primarily in a diversified portfolio of short- to intermediate-term debt securities. Its holdings typically include investment-grade corporate bonds, asset-backed securities and various government-related obligations.

To enhance yield, the fund may employ modest leverage through the issuance of preferred stock and borrowings.