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

Shares of Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) reached a new 52-week low during trading on Tuesday . The company traded as low as $50.71 and last traded at $50.73, with a volume of 100774 shares changing hands. The stock had previously closed at $50.83.

Eaton Vance Short Duration Income ETF Stock Down 0.2%

The firm’s 50-day moving average price is $50.94 and its two-hundred day moving average price is $51.21.

Eaton Vance Short Duration Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Tuesday, June 30th were given a $0.1902 dividend. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Tuesday, June 30th.

Hedge Funds Weigh In On Eaton Vance Short Duration Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in EVSD. Ameriprise Financial Inc. acquired a new stake in Eaton Vance Short Duration Income ETF during the 3rd quarter valued at $15,875,000. Studio Investment Management LLC acquired a new stake in shares of Eaton Vance Short Duration Income ETF in the fourth quarter worth $208,000. Nemes Rush Group LLC boosted its position in shares of Eaton Vance Short Duration Income ETF by 3.6% in the fourth 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. Eldridge Investment Advisors Inc. grew its holdings in shares of Eaton Vance Short Duration Income ETF by 145.7% during the fourth quarter. Eldridge Investment Advisors Inc. now owns 55,895 shares of the company’s stock valued at $2,875,000 after buying an additional 33,145 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Eaton Vance Short Duration Income ETF by 893.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 195,285 shares of the company’s stock valued at $10,046,000 after buying an additional 175,631 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.