Eaton Vance Total Return Bond ETF (NYSE:EVTR) Sets New 1-Year Low – Time to Sell?

Eaton Vance Total Return Bond ETF (NYSE:EVTR)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $49.44 and last traded at $49.4640, with a volume of 17198 shares changing hands. The stock had previously closed at $49.74.

Eaton Vance Total Return Bond ETF Trading Down 0.1%

The business’s 50-day simple moving average is $50.16 and its two-hundred day simple moving average is $50.70.

Institutional Trading of Eaton Vance Total Return Bond ETF

A number of institutional investors have recently modified their holdings of the business. Morgan Stanley raised its holdings in Eaton Vance Total Return Bond ETF by 24.1% during the 4th quarter. Morgan Stanley now owns 28,229,610 shares of the company’s stock valued at $1,453,825,000 after acquiring an additional 5,473,066 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Eaton Vance Total Return Bond ETF by 39.7% in the fourth quarter. Wells Fargo & Company MN now owns 4,279,738 shares of the company’s stock worth $220,407,000 after acquiring an additional 1,215,336 shares during the period. Bank of America Corp DE grew its position in shares of Eaton Vance Total Return Bond ETF by 60.0% in the first quarter. Bank of America Corp DE now owns 3,566,409 shares of the company’s stock valued at $180,995,000 after purchasing an additional 1,336,772 shares in the last quarter. LPL Financial LLC grew its position in shares of Eaton Vance Total Return Bond ETF by 28.0% in the fourth quarter. LPL Financial LLC now owns 2,622,043 shares of the company’s stock valued at $135,035,000 after purchasing an additional 573,492 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Eaton Vance Total Return Bond ETF by 7,951.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,438,333 shares of the company’s stock valued at $125,366,000 after purchasing an additional 2,408,047 shares during the period.

Eaton Vance Total Return Bond ETF Company Profile

The Eaton Vance Total Return Bond ETF (EVTR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that aims to invest in USD-denominated, investment grade securities from government and corporate issuers. The fund aims to maintain an average weighted maturity between five and ten years. EVTR was launched on Nov 14, 1984 and is issued by Eaton Vance.