HBK Sorce Advisory LLC Invests $206,000 in Eaton Vance Floating Rate ETF $EVLN

HBK Sorce Advisory LLC purchased a new stake in Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 19,110 shares of the company’s stock, valued at approximately $206,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EVLN. Ameriprise Financial Inc. purchased a new stake in shares of Eaton Vance Floating Rate ETF during the 3rd quarter worth approximately $27,435,000. Flow Traders U.S. LLC purchased a new position in shares of Eaton Vance Floating Rate ETF in the 3rd quarter valued at $1,174,000. Finally, Eldridge Investment Advisors Inc. grew its position in shares of Eaton Vance Floating Rate ETF by 0.6% in the 4th quarter. Eldridge Investment Advisors Inc. now owns 189,982 shares of the company’s stock valued at $9,399,000 after buying an additional 1,102 shares during the last quarter.

Eaton Vance Floating Rate ETF Price Performance

Shares of EVLN opened at $48.83 on Wednesday. Eaton Vance Floating Rate ETF has a 1-year low of $48.08 and a 1-year high of $50.12. The firm has a fifty day moving average price of $48.71 and a 200 day moving average price of $48.71.

Eaton Vance Floating Rate ETF Company Profile

The Eaton Vance Floating-Rate ETF (EVLN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, seeking high current income by holding sub-investment grade floating-rate loans and corporate debts issued globally. EVLN was launched on Feb 6, 2024 and is issued by Eaton Vance.