Eaton Vance Total Return Bond ETF (NYSE:EVTR) Sees Large Volume Increase – Should You Buy?

Shares of Eaton Vance Total Return Bond ETF (NYSE:EVTR) saw unusually-high trading volume on Thursday. 1,854,637 shares traded hands during trading, an increase of 211% from the previous session’s volume of 596,471 shares. The stock last traded at $48.2260 and had previously closed at $48.19.

Eaton Vance Total Return Bond ETF Trading Up 0.1%

The business’s fifty day moving average price is $49.78 and its 200-day moving average price is $50.44.

Institutional Trading of Eaton Vance Total Return Bond ETF

Several hedge funds have recently added to or reduced their stakes in the business. Provenance Wealth Advisors LLC bought a new stake in Eaton Vance Total Return Bond ETF in the first quarter valued at $71,297,000. Bank of America Corp DE lifted its position in 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 purchasing an additional 1,336,772 shares during the period. LPL Financial LLC increased its holdings in Eaton Vance Total Return Bond ETF by 28.0% during the fourth quarter. LPL Financial LLC now owns 2,622,043 shares of the company’s stock valued at $135,035,000 after buying an additional 573,492 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Eaton Vance Total Return Bond ETF by 34.2% during the second 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. Finally, PNC Financial Services Group Inc. increased its stake in shares of Eaton Vance Total Return Bond ETF by 35.9% in 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 in 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.