Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Sees Strong Trading Volume – Here’s What Happened

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) saw strong trading volume on Wednesday . Approximately 224,084 shares changed hands during trading, an increase of 161% from the previous session’s volume of 85,711 shares.The stock last traded at $49.01 and had previously closed at $48.92.

Eaton Vance Floating Rate ETF Stock Up 0.2%

The business’s 50 day moving average is $48.72 and its 200-day moving average is $48.69.

Institutional Investors Weigh In On Eaton Vance Floating Rate ETF

A number of large investors have recently made changes to their positions in the stock. Bank of America Corp DE purchased a new stake in Eaton Vance Floating Rate ETF in the second quarter valued at $9,840,000. Ameriprise Financial Inc. purchased a new position in Eaton Vance Floating Rate ETF in the third quarter valued at $27,435,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Eaton Vance Floating Rate ETF during the 2nd quarter worth about $2,149,000. Eldridge Investment Advisors Inc. raised its holdings in Eaton Vance Floating Rate ETF by 0.6% in the fourth quarter. Eldridge Investment Advisors Inc. now owns 189,982 shares of the company’s stock valued at $9,399,000 after acquiring an additional 1,102 shares in the last quarter. Finally, Keating Financial Advisory Services Inc. purchased a new stake in shares of Eaton Vance Floating Rate ETF in the 2nd quarter valued at approximately $1,149,000.

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.