Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Hits New 1-Year Low – Should You Sell?

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD)’s share price reached a new 52-week low on Thursday . The stock traded as low as $50.43 and last traded at $50.4380, with a volume of 29686 shares changing hands. The stock had previously closed at $50.57.

Eaton Vance Short Duration Income ETF Trading Down 0.3%

The business has a fifty day moving average price of $50.79 and a 200-day moving average price of $50.99.

Eaton Vance Short Duration Income ETF Cuts Dividend

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

Institutional Investors Weigh In On Eaton Vance Short Duration Income ETF

A number of hedge funds and other institutional investors have recently modified their holdings of EVSD. Prism Advisors Inc. bought a new stake in shares of Eaton Vance Short Duration Income ETF in the first quarter valued at about $15,230,000. First American Bank acquired a new stake in Eaton Vance Short Duration Income ETF in the 1st quarter worth about $571,000. Eldridge Investment Advisors Inc. boosted its holdings in Eaton Vance Short Duration Income ETF by 145.7% in the 4th quarter. Eldridge Investment Advisors Inc. now owns 55,895 shares of the company’s stock valued at $2,875,000 after purchasing an additional 33,145 shares during the period. Equitable Holdings Inc. bought a new stake in Eaton Vance Short Duration Income ETF in the 2nd quarter valued at about $691,000. Finally, Studio Investment Management LLC acquired a new position in shares of Eaton Vance Short Duration Income ETF during the 2nd quarter worth approximately $391,000.

About Eaton Vance Short Duration Income ETF

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.