Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Shares Cross Above 50-Day Moving Average – Time to Sell?

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD)’s stock price passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $50.20 and traded as high as $50.30. Eaton Vance Short Duration Income ETF shares last traded at $50.30, with a volume of 472,951 shares.

Eaton Vance Short Duration Income ETF Stock Performance

The business has a 50-day moving average price of $50.20 and a 200-day moving average price of $50.87.

Eaton Vance Short Duration Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Friday, October 30th were paid a $0.2299 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 5.5%. This is a boost from Eaton Vance Short Duration Income ETF’s previous monthly dividend of $0.2073. The ex-dividend date of this dividend was Friday, October 30th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vestor Capital LLC purchased a new position in Eaton Vance Short Duration Income ETF during the 3rd quarter valued at about $75,000. Farther Finance Advisors LLC bought a new stake in shares of Eaton Vance Short Duration Income ETF in the 3rd quarter valued at about $110,000. Bank of America Corp DE bought a new stake in shares of Eaton Vance Short Duration Income ETF in the 2nd quarter valued at about $297,000. Studio Investment Management LLC bought a new stake in shares of Eaton Vance Short Duration Income ETF in the 2nd quarter valued at about $391,000. Finally, Equitable Holdings Inc. purchased a new stake in shares of Eaton Vance Short Duration Income ETF in the 2nd quarter worth approximately $691,000.

Eaton Vance Short Duration Income ETF Company Profile

The Eaton Vance Short Duration Income ETF (EVSD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of diversified USD-denominated fixed income securities with few restrictions on type and credit quality. The ETF aims to have an average duration of three years or less, while seeking above average returns over a market cycle of three to five years EVSD was launched on Mar 31, 1992 and is issued by Eaton Vance.