Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Shares Down 0% – Time to Sell?

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) dropped 0% on Monday . The stock traded as low as $49.45 and last traded at $49.47. Approximately 123,745 shares changed hands during trading, an increase of 19% from the average daily volume of 103,593 shares. The stock had previously closed at $49.49.

Eaton Vance Floating Rate ETF Price Performance

The business has a 50-day moving average of $49.62 and a 200-day moving average of $49.81.

Institutional Trading of Eaton Vance Floating Rate ETF

A hedge fund recently bought a new stake in Eaton Vance Floating Rate ETF stock. Ameriprise Financial Inc. bought a new stake in shares of Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 552,321 shares of the company’s stock, valued at approximately $27,435,000. Ameriprise Financial Inc. owned 1.85% of Eaton Vance Floating Rate ETF at the end of the most recent reporting period.

About Eaton Vance Floating Rate ETF

The Eaton Vance Floating-Rate ETF (EVLN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, seeking high current income by holding sub-investment grade floating-rate loans and corporate debts issued globally. EVLN was launched on Feb 6, 2024 and is issued by Eaton Vance.