Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Reaches New 52-Week Low – Time to Sell?

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $50.27 and last traded at $50.2850, with a volume of 265334 shares traded. The stock had previously closed at $50.29.

Eaton Vance Short Duration Income ETF Price Performance

The stock has a 50 day moving average price of $50.75 and a 200 day moving average price of $50.95.

Eaton Vance Short Duration Income ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Studio Investment Management LLC purchased a new position in Eaton Vance Short Duration Income ETF during the 2nd quarter valued at about $391,000. Equitable Holdings Inc. purchased a new stake in Eaton Vance Short Duration Income ETF in the second quarter worth about $691,000. Bank of America Corp DE bought a new position in shares of Eaton Vance Short Duration Income ETF during the second quarter valued at approximately $297,000. Prism Advisors Inc. bought a new position in shares of Eaton Vance Short Duration Income ETF during the first quarter valued at approximately $15,230,000. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Eaton Vance Short Duration Income ETF by 3.9% during the first quarter. Janney Montgomery Scott LLC now owns 202,908 shares of the company’s stock valued at $10,336,000 after purchasing an additional 7,623 shares during the last quarter.

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.