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 stock price hit a new 52-week low on Wednesday. The company traded as low as $47.97 and last traded at $48.1350, with a volume of 36689 shares traded. The stock had previously closed at $48.27.

Eaton Vance Total Return Bond ETF Stock Performance

The company’s 50 day simple moving average is $49.54 and its 200-day simple moving average is $50.32.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tompkins Financial Corp bought a new stake in Eaton Vance Total Return Bond ETF in the 3rd quarter worth approximately $25,000. Baker Tilly Wealth Management LLC lifted its holdings in shares of Eaton Vance Total Return Bond ETF by 25.8% during the 3rd quarter. Baker Tilly Wealth Management LLC now owns 66,524 shares of the company’s stock valued at $3,206,000 after buying an additional 13,635 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Eaton Vance Total Return Bond ETF by 7.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 36,609 shares of the company’s stock valued at $1,856,000 after buying an additional 2,683 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Eaton Vance Total Return Bond ETF by 34.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,121,112 shares of the company’s stock worth $107,562,000 after buying an additional 540,192 shares during the last quarter. Finally, RFG Advisory LLC boosted its stake in shares of Eaton Vance Total Return Bond ETF by 19.0% in the 2nd quarter. RFG Advisory LLC now owns 16,938 shares of the company’s stock worth $859,000 after buying an additional 2,705 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.