Eaton Vance Total Return Bond ETF (NYSEARCA:EVTR) Hits New 1-Year Low – Here’s Why

Eaton Vance Total Return Bond ETF (NYSEARCA:EVTR)’s stock price hit a new 52-week low on Thursday . The company traded as low as $50.06 and last traded at $50.06, with a volume of 22162 shares changing hands. The stock had previously closed at $50.20.

Eaton Vance Total Return Bond ETF Stock Down 0.3%

The stock has a fifty day moving average of $50.64 and a 200-day moving average of $51.12.

Hedge Funds Weigh In On Eaton Vance Total Return Bond ETF

Institutional investors have recently modified their holdings of the stock. RHL Group LLC acquired a new position in shares of Eaton Vance Total Return Bond ETF during the fourth quarter worth approximately $29,000. Legacy Wealth Managment LLC ID bought a new stake in shares of Eaton Vance Total Return Bond ETF during the first quarter valued at approximately $47,000. Cornerstone Financial Management LLC acquired a new stake in shares of Eaton Vance Total Return Bond ETF in the fourth quarter valued at approximately $71,000. International Assets Investment Management LLC acquired a new stake in shares of Eaton Vance Total Return Bond ETF in the fourth quarter valued at approximately $78,000. Finally, IFP Advisors Inc raised its position in Eaton Vance Total Return Bond ETF by 9,700.0% in the 4th quarter. IFP Advisors Inc now owns 1,960 shares of the company’s stock worth $101,000 after purchasing an additional 1,940 shares during the last quarter.

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.