Eaton Vance Total Return Bond ETF (NYSE:EVTR) Sets New 12-Month Low – Should You Sell?

Eaton Vance Total Return Bond ETF (NYSE:EVTR)’s share price reached a new 52-week low on Wednesday . The company traded as low as $49.15 and last traded at $49.1750, with a volume of 843259 shares. The stock had previously closed at $49.19.

Eaton Vance Total Return Bond ETF Stock Performance

The business has a 50-day simple moving average of $50.06 and a 200-day simple moving average of $50.61.

Institutional Trading of Eaton Vance Total Return Bond ETF

Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in shares of Eaton Vance Total Return Bond ETF by 60.0% during the first quarter. Bank of America Corp DE now owns 3,566,409 shares of the company’s stock valued at $180,995,000 after acquiring an additional 1,336,772 shares in the last quarter. LPL Financial LLC increased its position in shares of Eaton Vance Total Return Bond ETF by 28.0% in the 4th quarter. LPL Financial LLC now owns 2,622,043 shares of the company’s stock valued at $135,035,000 after acquiring an additional 573,492 shares during the period. Prodigy Asset Management LLC lifted its position in Eaton Vance Total Return Bond ETF by 47.5% during the 4th quarter. Prodigy Asset Management LLC now owns 2,207,463 shares of the company’s stock worth $113,684,000 after acquiring an additional 711,092 shares during the period. Provenance Wealth Advisors LLC acquired a new position in shares of Eaton Vance Total Return Bond ETF in the first quarter valued at about $71,297,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Eaton Vance Total Return Bond ETF by 35.9% during the first quarter. PNC Financial Services Group Inc. now owns 1,293,704 shares of the company’s stock worth $65,655,000 after purchasing an additional 341,899 shares during the period.

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.