Eaton Vance Total Return Bond ETF (NYSE:EVTR) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

Eaton Vance Total Return Bond ETF (NYSE:EVTR) crossed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $48.95 and traded as low as $48.66. Eaton Vance Total Return Bond ETF shares last traded at $48.6650, with a volume of 897,904 shares traded.

Eaton Vance Total Return Bond ETF Price Performance

The firm has a 50-day moving average of $48.95 and a 200-day moving average of $50.39.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Citadel Advisors LLC increased its holdings in Eaton Vance Total Return Bond ETF by 47.2% in the 2nd quarter. Citadel Advisors LLC now owns 89,094 shares of the company’s stock worth $4,518,000 after buying an additional 28,553 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in Eaton Vance Total Return Bond ETF in the 3rd quarter worth about $8,684,000. Focus Financial Network Inc. lifted its stake in Eaton Vance Total Return Bond ETF by 147.8% during the 2nd quarter. Focus Financial Network Inc. now owns 160,768 shares of the company’s stock valued at $8,184,000 after acquiring an additional 95,890 shares during the period. D.A. Davidson & CO. lifted its stake in Eaton Vance Total Return Bond ETF by 11.7% during the 1st quarter. D.A. Davidson & CO. now owns 291,617 shares of the company’s stock valued at $14,800,000 after acquiring an additional 30,477 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Eaton Vance Total Return Bond ETF by 34.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,121,112 shares of the company’s stock valued at $107,562,000 after acquiring an additional 540,192 shares during the last quarter.

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.