Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) Stock Price Down 0.1% – Here’s What Happened

Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) traded down 0.1% during mid-day trading on Tuesday . The company traded as low as $9.88 and last traded at $9.88. 370,890 shares traded hands during mid-day trading, an increase of 27% from the average session volume of 292,794 shares. The stock had previously closed at $9.89.

Eaton Vance Limited Duration Income Fund Stock Performance

The firm has a fifty day moving average price of $9.93 and a 200 day moving average price of $10.05.

Eaton Vance Limited Duration Income Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, February 24th. Shareholders of record on Friday, February 13th were paid a dividend of $0.0728 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a c) dividend on an annualized basis and a yield of 8.8%.

Institutional Investors Weigh In On Eaton Vance Limited Duration Income Fund

Large investors have recently made changes to their positions in the company. Allworth Financial LP boosted its stake in Eaton Vance Limited Duration Income Fund by 47.8% in the 2nd quarter. Allworth Financial LP now owns 4,348 shares of the company’s stock worth $45,000 after purchasing an additional 1,406 shares during the period. Kestra Private Wealth Services LLC lifted its holdings in shares of Eaton Vance Limited Duration Income Fund by 11.2% in the third quarter. Kestra Private Wealth Services LLC now owns 14,434 shares of the company’s stock valued at $147,000 after purchasing an additional 1,448 shares in the last quarter. Flagship Harbor Advisors LLC lifted its holdings in shares of Eaton Vance Limited Duration Income Fund by 2.5% in the third quarter. Flagship Harbor Advisors LLC now owns 69,215 shares of the company’s stock valued at $703,000 after purchasing an additional 1,661 shares in the last quarter. Comerica Bank boosted its position in shares of Eaton Vance Limited Duration Income Fund by 6.5% in the third quarter. Comerica Bank now owns 29,716 shares of the company’s stock worth $302,000 after buying an additional 1,802 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Eaton Vance Limited Duration Income Fund by 4.7% during the second quarter. Envestnet Asset Management Inc. now owns 42,394 shares of the company’s stock valued at $435,000 after buying an additional 1,904 shares in the last quarter.

Eaton Vance Limited Duration Income Fund Company Profile

Eaton Vance Limited Duration Income Fund is a closed-end management investment company listed on the NYSE American exchange under the ticker EVV. The fund seeks to provide shareholders with a high level of current income and preservation of capital by investing primarily in a diversified portfolio of short- to intermediate-term debt securities. Its holdings typically include investment-grade corporate bonds, asset-backed securities and various government-related obligations.

To enhance yield, the fund may employ modest leverage through the issuance of preferred stock and borrowings.