Eaton Vance Total Return Bond ETF (NYSE:EVTR) Sets New 12-Month Low – Here’s Why

Eaton Vance Total Return Bond ETF (NYSE:EVTR)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $49.44 and last traded at $49.4640, with a volume of 17198 shares changing hands. The stock had previously closed at $49.74.

Eaton Vance Total Return Bond ETF Trading Down 0.5%

The company has a fifty day moving average price of $50.22 and a two-hundred day moving average price of $50.73.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. RHL Group LLC bought a new stake in shares of Eaton Vance Total Return Bond ETF during the fourth quarter worth $29,000. Continuum Advisory LLC bought a new stake in Eaton Vance Total Return Bond ETF in the 2nd quarter valued at $33,000. Legacy Wealth Managment LLC ID bought a new stake in Eaton Vance Total Return Bond ETF in the 1st quarter valued at $47,000. Cornerstone Financial Management LLC acquired a new position in Eaton Vance Total Return Bond ETF in the 4th quarter worth $71,000. Finally, Allworth Financial LP boosted its stake in Eaton Vance Total Return Bond ETF by 134.8% in the 2nd quarter. Allworth Financial LP now owns 1,430 shares of the company’s stock worth $73,000 after purchasing an additional 821 shares during the period.

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.