Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Sees Large Volume Increase – Still a Buy?

Eaton Vance Floating Rate ETF (NYSEARCA:EVLNGet Free Report) shares saw an uptick in trading volume on Thursday . 178,395 shares changed hands during mid-day trading, an increase of 113% from the previous session’s volume of 83,876 shares.The stock last traded at $49.4250 and had previously closed at $49.55.

Eaton Vance Floating Rate ETF Price Performance

The company’s fifty day moving average price is $49.59 and its 200 day moving average price is $49.75.

Hedge Funds Weigh In On Eaton Vance Floating Rate ETF

A hedge fund recently bought a new stake in Eaton Vance Floating Rate ETF stock. Ameriprise Financial Inc. acquired a new position in Eaton Vance Floating Rate ETF (NYSEARCA:EVLNFree Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 552,321 shares of the company’s stock, valued at approximately $27,435,000. Ameriprise Financial Inc. owned 1.85% of Eaton Vance Floating Rate ETF as of its most recent SEC filing.

About Eaton Vance Floating Rate ETF

(Get Free Report)

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.

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