Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Sees Large Volume Increase – Here’s Why

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) saw an uptick in trading volume on Friday . 143,570 shares traded hands during mid-day trading, an increase of 79% from the previous session’s volume of 80,056 shares.The stock last traded at $49.59 and had previously closed at $49.48.

Eaton Vance Floating Rate ETF Trading Down 0.0 %

The firm has a 50-day moving average price of $49.37 and a 200 day moving average price of $50.07.

Eaton Vance Floating Rate ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 31st were given a dividend of $0.3116 per share. The ex-dividend date was Monday, March 31st.

Institutional Investors Weigh In On Eaton Vance Floating Rate ETF

A hedge fund recently raised its stake in Eaton Vance Floating Rate ETF stock. Eldridge Investment Advisors Inc. raised its holdings in shares of Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) by 143.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,137 shares of the company’s stock after buying an additional 34,850 shares during the period. Eldridge Investment Advisors Inc. owned about 0.38% of Eaton Vance Floating Rate ETF worth $2,978,000 at the end of the most recent reporting period.

Eaton Vance Floating Rate ETF Company Profile

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.