Nemes Rush Group LLC Invests $1.01 Million in Eaton Vance Short Duration Municipal Income ETF $EVSM

Nemes Rush Group LLC acquired a new stake in shares of Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 19,972 shares of the company’s stock, valued at approximately $1,007,000.

A number of other institutional investors have also added to or reduced their stakes in EVSM. AdvisorNet Financial Inc bought a new position in Eaton Vance Short Duration Municipal Income ETF in the 3rd quarter worth about $122,000. FSA Advisors Inc. grew its holdings in Eaton Vance Short Duration Municipal Income ETF by 79.6% during the 3rd quarter. FSA Advisors Inc. now owns 8,632 shares of the company’s stock valued at $435,000 after buying an additional 3,825 shares in the last quarter. Flow Traders U.S. LLC increased its position in shares of Eaton Vance Short Duration Municipal Income ETF by 41.9% during the second quarter. Flow Traders U.S. LLC now owns 13,199 shares of the company’s stock valued at $660,000 after buying an additional 3,900 shares during the period. Diversified Portfolios Inc. bought a new stake in shares of Eaton Vance Short Duration Municipal Income ETF during the second quarter valued at about $258,000. Finally, Arkadios Wealth Advisors purchased a new stake in shares of Eaton Vance Short Duration Municipal Income ETF in the third quarter worth about $2,784,000.

Eaton Vance Short Duration Municipal Income ETF Stock Performance

EVSM stock opened at $50.57 on Wednesday. The firm has a 50 day moving average of $50.63 and a 200-day moving average of $50.50. Eaton Vance Short Duration Municipal Income ETF has a 12 month low of $48.63 and a 12 month high of $50.88.

Eaton Vance Short Duration Municipal Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Friday, February 27th were paid a $0.1151 dividend. The ex-dividend date was Friday, February 27th. This represents a c) annualized dividend and a yield of 2.7%. This is a boost from Eaton Vance Short Duration Municipal Income ETF’s previous monthly dividend of $0.11.

Eaton Vance Short Duration Municipal Income ETF Company Profile

The Eaton Vance Short Duration Municipal Income ETF (EVSM) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests in USD-denominated tax-exempt municipal bonds, rated investment grade and with a portfolio maturity of less than three years. EVSM was launched on Dec 19, 2018 and is issued by Eaton Vance.