Eaton Vance Total Return Bond ETF (NYSE:EVTR) Reaches New 1-Year Low – Time to Sell?

Eaton Vance Total Return Bond ETF (NYSE:EVTR) shares hit a new 52-week low during trading on Tuesday. The company traded as low as $48.44 and last traded at $48.5150, with a volume of 926972 shares traded. The stock had previously closed at $48.75.

Eaton Vance Total Return Bond ETF Price Performance

The firm has a 50 day moving average price of $49.78 and a 200 day moving average price of $50.44.

Institutional Investors Weigh In On Eaton Vance Total Return Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. lifted its holdings in Eaton Vance Total Return Bond ETF by 7.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 36,609 shares of the company’s stock valued at $1,856,000 after purchasing an additional 2,683 shares in the last quarter. Envestnet Asset Management Inc. raised its position 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 purchasing an additional 540,192 shares during the period. RFG Advisory LLC lifted its stake in shares of Eaton Vance Total Return Bond ETF by 19.0% during the 2nd quarter. RFG Advisory LLC now owns 16,938 shares of the company’s stock valued at $859,000 after buying an additional 2,705 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of Eaton Vance Total Return Bond ETF by 31.6% during the 2nd quarter. IFP Advisors Inc now owns 79,607 shares of the company’s stock valued at $4,037,000 after buying an additional 19,100 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in Eaton Vance Total Return Bond ETF by 134.8% in the 2nd quarter. Allworth Financial LP now owns 1,430 shares of the company’s stock worth $73,000 after buying an additional 821 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.