Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Sets New 52-Week Low – Here’s Why

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $50.80 and last traded at $50.80, with a volume of 26516 shares traded. The stock had previously closed at $50.85.

Eaton Vance Short Duration Income ETF Price Performance

The company has a 50-day simple moving average of $50.95 and a 200 day simple moving average of $51.22.

Eaton Vance Short Duration Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.1902 per share. The ex-dividend date was Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 4.5%.

Hedge Funds Weigh In On Eaton Vance Short Duration Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Prism Advisors Inc. acquired a new position in shares of Eaton Vance Short Duration Income ETF during the first quarter worth $15,230,000. Janney Montgomery Scott LLC boosted its stake in shares of Eaton Vance Short Duration Income ETF by 3.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 202,908 shares of the company’s stock worth $10,336,000 after acquiring an additional 7,623 shares in the last quarter. First American Bank acquired a new stake in Eaton Vance Short Duration Income ETF in the 1st quarter valued at $571,000. Eldridge Investment Advisors Inc. boosted its holdings in 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 worth $2,875,000 after buying an additional 33,145 shares during the last quarter. Finally, Nemes Rush Group LLC boosted its stake in Eaton Vance Short Duration Income ETF by 3.6% during the 4th quarter. Nemes Rush Group LLC now owns 196,156 shares of the company’s stock worth $10,091,000 after purchasing an additional 6,833 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.