Nemes Rush Group LLC Purchases New Stake in Eaton Vance Short Duration Municipal Income ETF $EVSM

Nemes Rush Group LLC acquired a new position in shares of Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 19,972 shares of the company’s stock, valued at approximately $1,007,000. Nemes Rush Group LLC owned about 0.19% of Eaton Vance Short Duration Municipal Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the stock. Diversified Portfolios Inc. boosted its stake in Eaton Vance Short Duration Municipal Income ETF by 368.3% in the third quarter. Diversified Portfolios Inc. now owns 24,180 shares of the company’s stock valued at $1,220,000 after acquiring an additional 19,017 shares during the last quarter. FSA Advisors Inc. increased its stake in shares of Eaton Vance Short Duration Municipal Income ETF by 79.6% during the 3rd quarter. FSA Advisors Inc. now owns 8,632 shares of the company’s stock worth $435,000 after purchasing an additional 3,825 shares during the last quarter. Arkadios Wealth Advisors bought a new stake in shares of Eaton Vance Short Duration Municipal Income ETF in the 3rd quarter worth approximately $2,784,000. Farther Finance Advisors LLC raised its holdings in shares of Eaton Vance Short Duration Municipal Income ETF by 128.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 103,506 shares of the company’s stock worth $5,220,000 after purchasing an additional 58,099 shares during the period. Finally, AdvisorNet Financial Inc purchased a new position in Eaton Vance Short Duration Municipal Income ETF in the third quarter valued at approximately $122,000.

Eaton Vance Short Duration Municipal Income ETF Price Performance

Shares of NYSEARCA EVSM opened at $50.57 on Wednesday. The stock has a fifty day simple moving average of $50.63 and a two-hundred day simple moving average of $50.50. Eaton Vance Short Duration Municipal Income ETF has a 1-year low of $48.63 and a 1-year high of $50.88.

Eaton Vance Short Duration Municipal Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Friday, February 27th were given a dividend of $0.1151 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from Eaton Vance Short Duration Municipal Income ETF’s previous monthly dividend of $0.11.

Eaton Vance Short Duration Municipal Income ETF Profile

The Eaton Vance Short Duration Municipal Income ETF (EVSM) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests in USD-denominated tax-exempt municipal bonds, rated investment grade and with a portfolio maturity of less than three years. EVSM was launched on Dec 19, 2018 and is issued by Eaton Vance.