Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Reaches New 1-Year Low – What’s Next?

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $50.80 and last traded at $50.80, with a volume of 26516 shares changing hands. The stock had previously closed at $50.85.

Eaton Vance Short Duration Income ETF Stock Down 0.1%

The stock’s 50 day moving average is $50.97 and its 200-day moving average is $51.23.

Eaton Vance Short Duration Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Tuesday, June 30th were given a dividend of $0.1902 per share. The ex-dividend date was Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 4.5%.

Hedge Funds Weigh In On Eaton Vance Short Duration Income ETF

A number of institutional investors have recently added to or reduced their stakes in EVSD. Nemes Rush Group LLC bought a new stake in shares of Eaton Vance Short Duration Income ETF during the 3rd quarter valued at $9,732,000. Prism Advisors Inc. purchased a new stake in Eaton Vance Short Duration Income ETF in the first quarter worth about $15,230,000. First American Bank purchased a new position in shares of Eaton Vance Short Duration Income ETF during the first quarter valued at approximately $571,000. Eldridge Investment Advisors Inc. boosted its position in shares of Eaton Vance Short Duration Income ETF by 145.7% in the 4th quarter. Eldridge Investment Advisors Inc. now owns 55,895 shares of the company’s stock worth $2,875,000 after purchasing an additional 33,145 shares in the last quarter. Finally, Studio Investment Management LLC bought a new stake in Eaton Vance Short Duration Income ETF in the fourth quarter worth $208,000.

Eaton Vance Short Duration Income ETF Company Profile

The Eaton Vance Short Duration Income ETF (EVSD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of diversified USD-denominated fixed income securities with few restrictions on type and credit quality. The ETF aims to have an average duration of three years or less, while seeking above average returns over a market cycle of three to five years EVSD was launched on Mar 31, 1992 and is issued by Eaton Vance.