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

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) shares saw an uptick in trading volume on Thursday. Approximately 216,435 shares traded hands during mid-day trading, an increase of 161% from the previous session’s volume of 82,832 shares. The stock last traded at $48.4050 and had previously closed at $48.44.

Eaton Vance Floating Rate ETF Trading Down 0.1%

The firm’s fifty day moving average is $48.77 and its 200-day moving average is $48.72.

Institutional Trading of Eaton Vance Floating Rate ETF

A number of hedge funds and other institutional investors have recently modified their holdings of EVLN. Bank of America Corp DE bought a new position in shares of Eaton Vance Floating Rate ETF in the 2nd quarter valued at $9,840,000. Northwestern Mutual Wealth Management Co. acquired a new position in Eaton Vance Floating Rate ETF in the 2nd quarter worth about $2,149,000. Eldridge Investment Advisors Inc. increased its holdings in Eaton Vance Floating Rate ETF by 0.6% in the 4th quarter. Eldridge Investment Advisors Inc. now owns 189,982 shares of the company’s stock worth $9,399,000 after purchasing an additional 1,102 shares in the last quarter. Keating Financial Advisory Services Inc. bought a new position in Eaton Vance Floating Rate ETF in the second quarter valued at about $1,149,000. Finally, Altman Advisors Inc. bought a new position in Eaton Vance Floating Rate ETF in the second quarter valued at about $442,000.

Eaton Vance Floating Rate ETF Company Profile

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.