Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Reaches New 12-Month Low – What’s Next?

Shares of Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) reached a new 52-week low during trading on Thursday . The stock traded as low as $50.43 and last traded at $50.4380, with a volume of 29686 shares. The stock had previously closed at $50.57.

Eaton Vance Short Duration Income ETF Stock Down 0.1%

The stock’s fifty day moving average price is $50.77 and its two-hundred day moving average price is $50.98.

Eaton Vance Short Duration Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 4th. Investors of record on Monday, August 31st were given a $0.1893 dividend. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Monday, August 31st.

Institutional Trading of Eaton Vance Short Duration Income ETF

Several hedge funds have recently added to or reduced their stakes in EVSD. Prism Advisors Inc. bought a new position in shares of Eaton Vance Short Duration Income ETF during the first quarter valued at about $15,230,000. First American Bank purchased a new position in shares of Eaton Vance Short Duration Income ETF in the first quarter worth about $571,000. Eldridge Investment Advisors Inc. lifted its stake in shares of Eaton Vance Short Duration Income ETF by 145.7% in the 4th quarter. Eldridge Investment Advisors Inc. now owns 55,895 shares of the company’s stock valued at $2,875,000 after acquiring an additional 33,145 shares during the last quarter. Equitable Holdings Inc. bought a new stake in shares of Eaton Vance Short Duration Income ETF in the 2nd quarter valued at about $691,000. Finally, Janney Montgomery Scott LLC boosted its holdings in Eaton Vance Short Duration Income ETF by 893.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 195,285 shares of the company’s stock valued at $10,046,000 after acquiring an additional 175,631 shares during the period.

Eaton Vance Short Duration Income ETF Company Profile

The Eaton Vance Short Duration Income ETF (EVSD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of diversified USD-denominated fixed income securities with few restrictions on type and credit quality. The ETF aims to have an average duration of three years or less, while seeking above average returns over a market cycle of three to five years EVSD was launched on Mar 31, 1992 and is issued by Eaton Vance.