Eaton Vance Floating Rate ETF (NYSEARCA:EVLN – Get Free Report) saw unusually-strong trading volume on Monday . Approximately 161,734 shares were traded during mid-day trading, an increase of 109% from the previous session’s volume of 77,405 shares.The stock last traded at $48.95 and had previously closed at $48.90.
Eaton Vance Floating Rate ETF Price Performance
The company has a 50-day simple moving average of $48.55 and a 200 day simple moving average of $49.12.
Institutional Investors Weigh In On Eaton Vance Floating Rate ETF
Several hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. purchased a new position in shares of Eaton Vance Floating Rate ETF during the 3rd quarter valued at approximately $27,435,000. Flow Traders U.S. LLC purchased a new position in shares of Eaton Vance Floating Rate ETF during the 3rd quarter valued at approximately $1,174,000. Finally, Eldridge Investment Advisors Inc. lifted its position in shares of 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 valued at $9,399,000 after buying an additional 1,102 shares in the last quarter.
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.
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