Eaton Vance Total Return Bond ETF (NYSEARCA:EVTR) Sees Strong Trading Volume – Still a Buy?

Shares of Eaton Vance Total Return Bond ETF (NYSEARCA:EVTR) saw unusually-high trading volume on Wednesday . Approximately 1,325,222 shares changed hands during mid-day trading, an increase of 235% from the previous session’s volume of 396,000 shares.The stock last traded at $51.5550 and had previously closed at $51.60.

Eaton Vance Total Return Bond ETF Stock Performance

The stock’s 50 day simple moving average is $51.69 and its two-hundred day simple moving average is $51.24.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EVTR. Ameriprise Financial Inc. lifted its position in shares of Eaton Vance Total Return Bond ETF by 7,951.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,438,333 shares of the company’s stock worth $125,366,000 after buying an additional 2,408,047 shares during the period. Prodigy Asset Management LLC bought a new stake in shares of Eaton Vance Total Return Bond ETF in the 3rd quarter worth about $76,988,000. Bank of America Corp DE increased its position in shares of Eaton Vance Total Return Bond ETF by 33,729.1% during the 2nd quarter. Bank of America Corp DE now owns 753,374 shares of the company’s stock worth $38,320,000 after purchasing an additional 751,147 shares in the last quarter. Horizon Wealth Management LLC acquired a new stake in shares of Eaton Vance Total Return Bond ETF during the 3rd quarter worth about $29,364,000. Finally, Envestnet Asset Management Inc. lifted its holdings in Eaton Vance Total Return Bond ETF by 94.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 736,697 shares of the company’s stock valued at $37,903,000 after purchasing an additional 357,745 shares during the last quarter.

Eaton Vance Total Return Bond ETF Company Profile

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.