Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Reaches New 1-Year Low – What’s Next?

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $50.69 and last traded at $50.70, with a volume of 32612 shares. The stock had previously closed at $50.78.

Eaton Vance Short Duration Income ETF Stock Down 0.2%

The firm has a fifty day moving average price of $50.92 and a 200 day moving average price of $51.18.

Eaton Vance Short Duration Income ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Studio Investment Management LLC bought a new stake in shares of Eaton Vance Short Duration Income ETF in the 4th quarter valued at about $208,000. Nemes Rush Group LLC grew its holdings in Eaton Vance Short Duration Income ETF by 3.6% during the fourth 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 period. Janney Montgomery Scott LLC grew its holdings in Eaton Vance Short Duration Income ETF by 3.9% during the first quarter. Janney Montgomery Scott LLC now owns 202,908 shares of the company’s stock worth $10,336,000 after purchasing an additional 7,623 shares during the period. First American Bank acquired a new position in Eaton Vance Short Duration Income ETF during the first quarter worth approximately $571,000. Finally, Eldridge Investment Advisors Inc. increased its position in Eaton Vance Short Duration Income ETF by 145.7% during the fourth 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.

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.