Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Hits New 52-Week Low – Should You Sell?

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $48.08 and last traded at $48.12, with a volume of 795 shares changing hands. The stock had previously closed at $48.16.

Eaton Vance Floating Rate ETF Stock Down 0.2%

The stock has a fifty day moving average price of $48.64 and a 200-day moving average price of $48.70.

Institutional Investors Weigh In On Eaton Vance Floating Rate ETF

Hedge funds have recently bought and sold shares of the business. Sanctuary Advisors LLC acquired a new stake in Eaton Vance Floating Rate ETF during the 2nd quarter worth about $113,000. Oxbow Advisors LLC purchased a new position in Eaton Vance Floating Rate ETF during the 2nd quarter valued at about $122,000. Fund Advisors of America Inc FL purchased a new position in Eaton Vance Floating Rate ETF during the 2nd quarter valued at about $162,000. HBK Sorce Advisory LLC acquired a new position in shares of Eaton Vance Floating Rate ETF in the 2nd quarter valued at about $206,000. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of Eaton Vance Floating Rate ETF in the 2nd quarter valued at about $453,000.

About Eaton Vance Floating Rate ETF

(Get Free Report)

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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