Eaton Vance Total Return Bond ETF (NYSEARCA:EVTR) Reaches New 1-Year High – Should You Buy?

Eaton Vance Total Return Bond ETF (NYSEARCA:EVTR) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $52.14 and last traded at $52.1350, with a volume of 174211 shares traded. The stock had previously closed at $52.02.

Eaton Vance Total Return Bond ETF Price Performance

The stock’s 50 day moving average price is $51.65 and its 200 day moving average price is $51.59.

Eaton Vance Total Return Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Friday, January 30th were given a dividend of $0.2071 per share. This represents a c) dividend on an annualized basis and a yield of 4.8%. This is an increase from Eaton Vance Total Return Bond ETF’s previous monthly dividend of $0.21. The ex-dividend date of this dividend was Friday, January 30th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. RHL Group LLC bought a new stake in Eaton Vance Total Return Bond ETF in the fourth quarter worth approximately $29,000. TruNorth Capital Management LLC bought a new position in shares of Eaton Vance Total Return Bond ETF during the 3rd quarter worth approximately $36,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Eaton Vance Total Return Bond ETF during the 2nd quarter worth approximately $47,000. Montag A & Associates Inc. bought a new stake in shares of Eaton Vance Total Return Bond ETF in the 2nd quarter valued at $58,000. Finally, Cornerstone Financial Management LLC acquired a new position in shares of Eaton Vance Total Return Bond ETF during the 4th quarter valued at $71,000.

Eaton Vance Total Return Bond ETF Company Profile

The Eaton Vance Total Return Bond ETF (EVTR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that aims to invest in USD-denominated, investment grade securities from government and corporate issuers. The fund aims to maintain an average weighted maturity between five and ten years. EVTR was launched on Nov 14, 1984 and is issued by Eaton Vance.