Eaton Vance Total Return Bond ETF (NYSE:EVTR) Sees Strong Trading Volume – Should You Buy?

Eaton Vance Total Return Bond ETF (NYSE:EVTR) saw an uptick in trading volume on Friday. 2,173,546 shares traded hands during mid-day trading, an increase of 247% from the previous session’s volume of 625,792 shares. The stock last traded at $49.0530 and had previously closed at $49.17.

Eaton Vance Total Return Bond ETF Stock Down 0.2%

The company’s 50 day simple moving average is $49.25 and its 200 day simple moving average is $50.17.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tompkins Financial Corp purchased a new position in Eaton Vance Total Return Bond ETF in the third quarter valued at about $25,000. Continuum Advisory LLC bought a new position in Eaton Vance Total Return Bond ETF during the 2nd quarter valued at $33,000. Legacy Wealth Managment LLC ID acquired a new stake in shares of Eaton Vance Total Return Bond ETF in the 1st quarter valued at about $47,000. Allworth Financial LP lifted its holdings in Eaton Vance Total Return Bond ETF by 134.8% during the 2nd quarter. Allworth Financial LP now owns 1,430 shares of the company’s stock worth $73,000 after buying an additional 821 shares during the last quarter. Finally, Rockefeller Capital Management L.P. bought a new position in Eaton Vance Total Return Bond ETF during the fourth quarter worth $110,000.

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.