Eaton Vance Total Return Bond ETF (NYSE:EVTR) Hits New 52-Week Low – What’s Next?

Eaton Vance Total Return Bond ETF (NYSE:EVTR) hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $47.97 and last traded at $48.1350, with a volume of 36689 shares trading hands. The stock had previously closed at $48.27.

Eaton Vance Total Return Bond ETF Stock Down 0.2%

The firm’s 50 day simple moving average is $49.62 and its 200 day simple moving average is $50.36.

Institutional Investors Weigh In On Eaton Vance Total Return Bond ETF

Hedge funds have recently made changes to their positions in the company. Flynn Zito Capital Management LLC lifted its position in Eaton Vance Total Return Bond ETF by 19.3% during the first quarter. Flynn Zito Capital Management LLC now owns 82,139 shares of the company’s stock valued at $4,169,000 after purchasing an additional 13,302 shares during the last quarter. Heritage Wealth Management Inc. increased its holdings in shares of Eaton Vance Total Return Bond ETF by 18.1% in the 1st quarter. Heritage Wealth Management Inc. now owns 74,035 shares of the company’s stock worth $3,757,000 after buying an additional 11,358 shares during the last quarter. Citadel Advisors LLC increased its holdings in shares of Eaton Vance Total Return Bond ETF by 47.2% in the 2nd quarter. Citadel Advisors LLC now owns 89,094 shares of the company’s stock worth $4,518,000 after buying an additional 28,553 shares during the last quarter. Oak Family Advisors LLC raised its position in shares of Eaton Vance Total Return Bond ETF by 85.1% during the 1st quarter. Oak Family Advisors LLC now owns 130,677 shares of the company’s stock valued at $6,632,000 after buying an additional 60,067 shares in the last quarter. Finally, Madrid Wealth Management LLC raised its position in shares of Eaton Vance Total Return Bond ETF by 18.1% during the 1st quarter. Madrid Wealth Management LLC now owns 249,158 shares of the company’s stock valued at $12,645,000 after buying an additional 38,223 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.