Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) Trading Up 0.2% – Still a Buy?

Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV)’s stock price rose 0.2% during trading on Thursday . The company traded as high as $9.94 and last traded at $9.93. Approximately 304,233 shares were traded during mid-day trading, an increase of 9% from the average daily volume of 278,581 shares. The stock had previously closed at $9.91.

Eaton Vance Limited Duration Income Fund Price Performance

The stock’s 50 day simple moving average is $9.96 and its 200-day simple moving average is $10.07.

Eaton Vance Limited Duration Income Fund Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, January 26th. Shareholders of record on Wednesday, January 14th were given a dividend of $0.0732 per share. This represents a c) annualized dividend and a yield of 8.9%. The ex-dividend date of this dividend was Wednesday, January 14th.

Institutional Trading of Eaton Vance Limited Duration Income Fund

Several large investors have recently made changes to their positions in EVV. Allworth Financial LP raised its stake in shares of Eaton Vance Limited Duration Income Fund by 47.8% in the 2nd quarter. Allworth Financial LP now owns 4,348 shares of the company’s stock valued at $45,000 after acquiring an additional 1,406 shares in the last quarter. Kestra Private Wealth Services LLC grew its holdings in Eaton Vance Limited Duration Income Fund by 11.2% during the third quarter. Kestra Private Wealth Services LLC now owns 14,434 shares of the company’s stock valued at $147,000 after purchasing an additional 1,448 shares during the last quarter. Future Financial Wealth Managment LLC raised its position in shares of Eaton Vance Limited Duration Income Fund by 3.3% in the second quarter. Future Financial Wealth Managment LLC now owns 49,419 shares of the company’s stock valued at $507,000 after purchasing an additional 1,582 shares during the period. Flagship Harbor Advisors LLC lifted its stake in shares of Eaton Vance Limited Duration Income Fund by 2.5% in the third quarter. Flagship Harbor Advisors LLC now owns 69,215 shares of the company’s stock worth $703,000 after buying an additional 1,661 shares during the last quarter. Finally, Comerica Bank boosted its holdings in shares of Eaton Vance Limited Duration Income Fund by 6.5% during the 3rd quarter. Comerica Bank now owns 29,716 shares of the company’s stock worth $302,000 after buying an additional 1,802 shares during the period.

Eaton Vance Limited Duration Income Fund Company Profile

Eaton Vance Limited Duration Income Fund is a closed-end management investment company listed on the NYSE American exchange under the ticker EVV. The fund seeks to provide shareholders with a high level of current income and preservation of capital by investing primarily in a diversified portfolio of short- to intermediate-term debt securities. Its holdings typically include investment-grade corporate bonds, asset-backed securities and various government-related obligations.

To enhance yield, the fund may employ modest leverage through the issuance of preferred stock and borrowings.