Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Hits New 1-Year Low – Should You Sell?

Shares of Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) reached a new 52-week low on Thursday . The stock traded as low as $50.69 and last traded at $50.70, with a volume of 32612 shares. The stock had previously closed at $50.78.

Eaton Vance Short Duration Income ETF Trading Up 0.1%

The business has a fifty day moving average price of $50.91 and a 200-day moving average price of $51.17.

Eaton Vance Short Duration Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 30th were given a $0.1902 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 4.5%.

Institutional Trading of Eaton Vance Short Duration Income ETF

A number of institutional investors have recently made changes to their positions in the stock. Prism Advisors Inc. bought a new stake in shares of Eaton Vance Short Duration Income ETF in the first quarter worth approximately $15,230,000. First American Bank bought a new position in Eaton Vance Short Duration Income ETF during the first quarter valued at approximately $571,000. Eldridge Investment Advisors Inc. lifted its position in Eaton Vance Short Duration Income ETF by 145.7% during the fourth quarter. Eldridge Investment Advisors Inc. now owns 55,895 shares of the company’s stock valued at $2,875,000 after purchasing an additional 33,145 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Eaton Vance Short Duration Income ETF by 893.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 195,285 shares of the company’s stock worth $10,046,000 after purchasing an additional 175,631 shares during the last quarter. Finally, Ameriprise Financial Inc. purchased a new stake in Eaton Vance Short Duration Income ETF in the third quarter worth approximately $15,875,000.

About Eaton Vance Short Duration Income ETF

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.