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

Shares of Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) saw an uptick in trading volume on Thursday . 430,319 shares were traded during trading, an increase of 376% from the previous session’s volume of 90,389 shares.The stock last traded at $49.09 and had previously closed at $49.36.

Eaton Vance Floating Rate ETF Stock Performance

The stock’s fifty day moving average price is $50.05 and its two-hundred day moving average price is $50.31.

Eaton Vance Floating Rate ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 31st were given a $0.3116 dividend. The ex-dividend date was Monday, March 31st.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Eaton Vance Floating Rate ETF stock. Eldridge Investment Advisors Inc. grew its holdings in shares of Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) by 143.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 59,137 shares of the company’s stock after purchasing an additional 34,850 shares during the period. Eldridge Investment Advisors Inc. owned approximately 0.38% of Eaton Vance Floating Rate ETF worth $2,978,000 as of its most recent SEC filing.

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.