Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Hits New 52-Week Low – Here’s What Happened

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN)’s stock price reached a new 52-week low on Monday . The company traded as low as $49.48 and last traded at $49.49, with a volume of 3387 shares. The stock had previously closed at $49.49.

Eaton Vance Floating Rate ETF Trading Down 0.1 %

The company’s fifty day simple moving average is $50.19 and its 200-day simple moving average is $50.35.

Eaton Vance Floating Rate ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, February 6th. Stockholders of record on Friday, January 31st were paid a dividend of $0.3196 per share. The ex-dividend date of this dividend was Friday, January 31st.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Eaton Vance Floating Rate ETF stock. Eldridge Investment Advisors Inc. increased its position in shares of Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) by 143.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,137 shares of the company’s stock after acquiring an additional 34,850 shares during the quarter. Eldridge Investment Advisors Inc. owned about 0.38% of Eaton Vance Floating Rate ETF worth $2,978,000 as of its most recent SEC filing.

About Eaton Vance Floating Rate ETF

The Eaton Vance Floating-Rate ETF (EVLN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, seeking high current income by holding sub-investment grade floating-rate loans and corporate debts issued globally. EVLN was launched on Feb 6, 2024 and is issued by Eaton Vance.