Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Sees Strong Trading Volume – What’s Next?

Shares of Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) saw unusually-high trading volume on Thursday . Approximately 233,365 shares were traded during trading, an increase of 221% from the previous session’s volume of 72,765 shares.The stock last traded at $48.34 and had previously closed at $48.44.

Eaton Vance Floating Rate ETF Trading Down 0.2%

The business has a fifty day moving average of $48.76 and a 200-day moving average of $49.33.

Eaton Vance Floating Rate ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Friday, February 27th were given a dividend of $0.2424 per share. The ex-dividend date was Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 6.0%.

Institutional Trading of Eaton Vance Floating Rate ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. acquired a new stake in Eaton Vance Floating Rate ETF during the third quarter valued at approximately $27,435,000. Flow Traders U.S. LLC acquired a new position in Eaton Vance Floating Rate ETF in the third quarter worth approximately $1,174,000. Finally, Eldridge Investment Advisors Inc. increased its holdings in shares of Eaton Vance Floating Rate ETF by 0.6% in the fourth quarter. Eldridge Investment Advisors Inc. now owns 189,982 shares of the company’s stock valued at $9,399,000 after buying an additional 1,102 shares in the last quarter.

About Eaton Vance Floating Rate ETF

The Eaton Vance Floating-Rate ETF (EVLN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, seeking high current income by holding sub-investment grade floating-rate loans and corporate debts issued globally. EVLN was launched on Feb 6, 2024 and is issued by Eaton Vance.