Eaton Vance Floating Rate ETF (NYSEARCA:EVLN – Get Free Report) saw unusually-high trading volume on Monday . 629,580 shares traded hands during mid-day trading, an increase of 831% from the previous session’s volume of 67,619 shares.The stock last traded at $48.79 and had previously closed at $48.72.
Eaton Vance Floating Rate ETF Stock Performance
The stock’s 50 day moving average is $48.80 and its two-hundred day moving average is $48.84.
Institutional Investors Weigh In On Eaton Vance Floating Rate ETF
Several hedge funds have recently made changes to their positions in the business. Ameriprise Financial Inc. acquired a new position in Eaton Vance Floating Rate ETF in the 3rd quarter valued at about $27,435,000. Eldridge Investment Advisors Inc. lifted its position in Eaton Vance Floating Rate ETF by 0.6% during the 4th quarter. Eldridge Investment Advisors Inc. now owns 189,982 shares of the company’s stock worth $9,399,000 after acquiring an additional 1,102 shares during the period. Finally, Flow Traders U.S. LLC acquired a new stake in Eaton Vance Floating Rate ETF during the 3rd quarter worth approximately $1,174,000.
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.
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