Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Hits New 1-Year Low – Here’s What Happened

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $50.25 and last traded at $50.2250, with a volume of 3294 shares traded. The stock had previously closed at $50.28.

Eaton Vance Short Duration Income ETF Stock Down 0.3%

The stock’s fifty day moving average price is $50.70 and its 200 day moving average price is $50.91.

Eaton Vance Short Duration Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, September 4th. Investors of record on Monday, August 31st were given a $0.1893 dividend. The ex-dividend date was Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 4.5%.

Hedge Funds Weigh In On Eaton Vance Short Duration Income ETF

A number of large investors have recently bought and sold shares of EVSD. Prism Advisors Inc. purchased a new position in shares of Eaton Vance Short Duration Income ETF in the first quarter worth $15,230,000. Janney Montgomery Scott LLC lifted its stake in shares of Eaton Vance Short Duration Income ETF by 3.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 202,908 shares of the company’s stock valued at $10,336,000 after purchasing an additional 7,623 shares during the period. Nemes Rush Group LLC grew its position in shares of Eaton Vance Short Duration Income ETF by 3.6% in the 4th quarter. Nemes Rush Group LLC now owns 196,156 shares of the company’s stock worth $10,091,000 after buying an additional 6,833 shares during the period. Equitable Holdings Inc. bought a new position in shares of Eaton Vance Short Duration Income ETF during the second quarter valued at approximately $691,000. Finally, Eldridge Investment Advisors Inc. boosted its holdings in Eaton Vance Short Duration Income ETF by 145.7% in the fourth quarter. Eldridge Investment Advisors Inc. now owns 55,895 shares of the company’s stock worth $2,875,000 after acquiring an additional 33,145 shares in the last quarter.

Eaton Vance Short Duration Income ETF Company Profile

The Eaton Vance Short Duration Income ETF (EVSD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of diversified USD-denominated fixed income securities with few restrictions on type and credit quality. The ETF aims to have an average duration of three years or less, while seeking above average returns over a market cycle of three to five years EVSD was launched on Mar 31, 1992 and is issued by Eaton Vance.