Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) Trading 0.2% Higher – Should You Buy?

Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) shot up 0.2% during mid-day trading on Thursday . The stock traded as high as $9.94 and last traded at $9.93. 304,233 shares were traded during mid-day trading, an increase of 9% from the average session volume of 278,581 shares. The stock had previously closed at $9.91.

Eaton Vance Limited Duration Income Fund Stock Performance

The company has a 50 day simple moving average of $9.97 and a two-hundred day simple moving average of $10.08.

Eaton Vance Limited Duration Income Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, January 26th. Shareholders of record on Wednesday, January 14th were issued a $0.0732 dividend. The ex-dividend date of this dividend was Wednesday, January 14th. This represents a c) dividend on an annualized basis and a yield of 8.8%.

Institutional Investors Weigh In On Eaton Vance Limited Duration Income Fund

A number of institutional investors have recently added to or reduced their stakes in EVV. PNC Financial Services Group Inc. increased its stake in Eaton Vance Limited Duration Income Fund by 555.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,127 shares of the company’s stock worth $32,000 after buying an additional 2,650 shares in the last quarter. Strategic Advocates LLC purchased a new stake in shares of Eaton Vance Limited Duration Income Fund during the third quarter worth approximately $32,000. Wolverine Asset Management LLC acquired a new position in Eaton Vance Limited Duration Income Fund in the 3rd quarter valued at $42,000. Allworth Financial LP lifted its holdings in Eaton Vance Limited Duration Income Fund by 47.8% in the 2nd quarter. Allworth Financial LP now owns 4,348 shares of the company’s stock valued at $45,000 after purchasing an additional 1,406 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in Eaton Vance Limited Duration Income Fund in the 2nd quarter valued at $56,000.

Eaton Vance Limited Duration Income Fund Company Profile

Eaton Vance Limited Duration Income Fund is a closed-end management investment company listed on the NYSE American exchange under the ticker EVV. The fund seeks to provide shareholders with a high level of current income and preservation of capital by investing primarily in a diversified portfolio of short- to intermediate-term debt securities. Its holdings typically include investment-grade corporate bonds, asset-backed securities and various government-related obligations.

To enhance yield, the fund may employ modest leverage through the issuance of preferred stock and borrowings.