Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Sets New 52-Week Low – What’s Next?

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $50.25 and last traded at $50.2250, with a volume of 3294 shares. The stock had previously closed at $50.28.

Eaton Vance Short Duration Income ETF Price Performance

The business’s 50-day moving average price is $50.70 and its two-hundred day moving average price is $50.91.

Eaton Vance Short Duration Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Investors of record on Monday, August 31st were given a dividend of $0.1893 per share. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Monday, August 31st.

Institutional Investors Weigh In On Eaton Vance Short Duration Income ETF

A number of institutional investors have recently made changes to their positions in the stock. Prism Advisors Inc. acquired a new position in shares of Eaton Vance Short Duration Income ETF during the first quarter valued at about $15,230,000. Janney Montgomery Scott LLC grew its holdings in shares of Eaton Vance Short Duration Income ETF by 3.9% in the first quarter. Janney Montgomery Scott LLC now owns 202,908 shares of the company’s stock valued at $10,336,000 after acquiring an additional 7,623 shares in the last quarter. Nemes Rush Group LLC increased its position in shares of Eaton Vance Short Duration Income ETF by 3.6% during the 4th quarter. Nemes Rush Group LLC now owns 196,156 shares of the company’s stock valued at $10,091,000 after purchasing an additional 6,833 shares during the last quarter. Eldridge Investment Advisors Inc. grew its position in shares of Eaton Vance Short Duration Income ETF by 145.7% during the 4th quarter. Eldridge Investment Advisors Inc. now owns 55,895 shares of the company’s stock valued at $2,875,000 after acquiring an additional 33,145 shares during the period. Finally, Equitable Holdings Inc. bought a new stake in shares of Eaton Vance Short Duration Income ETF in the second quarter valued at $691,000.

About Eaton Vance Short Duration Income ETF

The Eaton Vance Short Duration Income ETF (EVSD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of diversified USD-denominated fixed income securities with few restrictions on type and credit quality. The ETF aims to have an average duration of three years or less, while seeking above average returns over a market cycle of three to five years EVSD was launched on Mar 31, 1992 and is issued by Eaton Vance.