Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Shares Down 0.1% – Time to Sell?

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) shares fell 0.1% on Thursday . The stock traded as low as $48.65 and last traded at $48.69. Approximately 71,519 shares changed hands during mid-day trading, an increase of 4% from the average daily volume of 68,503 shares. The stock had previously closed at $48.72.

Eaton Vance Floating Rate ETF Price Performance

The firm’s 50-day moving average price is $48.81 and its 200-day moving average price is $48.88.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Flow Traders U.S. LLC bought a new stake in Eaton Vance Floating Rate ETF during the 3rd quarter valued at $1,174,000. Eldridge Investment Advisors Inc. boosted its holdings in shares of 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 worth $9,399,000 after acquiring an additional 1,102 shares during the period. Finally, Ameriprise Financial Inc. bought a new position in shares of Eaton Vance Floating Rate ETF in the third quarter worth $27,435,000.

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.