Eaton Vance Total Return Bond ETF (NYSE:EVTR) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

Eaton Vance Total Return Bond ETF (NYSE:EVTR) shares crossed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $48.95 and traded as low as $48.66. Eaton Vance Total Return Bond ETF shares last traded at $48.6650, with a volume of 897,904 shares traded.

Eaton Vance Total Return Bond ETF Stock Performance

The stock’s 50 day moving average is $48.95 and its 200 day moving average is $50.39.

Institutional Trading of Eaton Vance Total Return Bond ETF

A number of hedge funds have recently bought and sold shares of EVTR. Bank of America Corp DE boosted its holdings in Eaton Vance Total Return Bond ETF by 60.0% during the 1st quarter. Bank of America Corp DE now owns 3,566,409 shares of the company’s stock valued at $180,995,000 after acquiring an additional 1,336,772 shares during the period. Envestnet Asset Management Inc. increased its stake in Eaton Vance Total Return Bond ETF by 34.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,121,112 shares of the company’s stock worth $107,562,000 after purchasing an additional 540,192 shares during the period. HighTower Advisors LLC purchased a new position in Eaton Vance Total Return Bond ETF in the 3rd quarter worth approximately $84,285,000. Provenance Wealth Advisors LLC lifted its position in Eaton Vance Total Return Bond ETF by 7.0% in the third quarter. Provenance Wealth Advisors LLC now owns 1,506,881 shares of the company’s stock valued at $72,617,000 after purchasing an additional 98,538 shares during the last quarter. Finally, Alps Advisors Inc. bought a new stake in Eaton Vance Total Return Bond ETF in the third quarter valued at approximately $69,922,000.

About Eaton Vance Total Return Bond ETF

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.