Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Sets New 12-Month Low – Here’s What Happened

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $50.61 and last traded at $50.61, with a volume of 4005 shares traded. The stock had previously closed at $50.81.

Eaton Vance Short Duration Income ETF Price Performance

The stock has a 50-day simple moving average of $50.84 and a 200 day simple moving average of $51.03.

Eaton Vance Short Duration Income ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 31st will be paid a dividend of $0.1893 per share. The ex-dividend date of this dividend is Monday, August 31st.

Institutional Trading of Eaton Vance Short Duration Income ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EVSD. Studio Investment Management LLC acquired a new position in Eaton Vance Short Duration Income ETF during the 4th quarter valued at about $208,000. First American Bank acquired a new stake in shares of Eaton Vance Short Duration Income ETF during the 1st quarter worth approximately $571,000. Bank of America Corp DE acquired a new stake in shares of Eaton Vance Short Duration Income ETF during the 2nd quarter worth approximately $297,000. Eldridge Investment Advisors Inc. grew its position in shares of Eaton Vance Short Duration Income ETF by 145.7% during the 4th quarter. Eldridge Investment Advisors Inc. now owns 55,895 shares of the company’s stock worth $2,875,000 after buying an additional 33,145 shares during the period. Finally, Equitable Holdings Inc. bought a new stake in shares of Eaton Vance Short Duration Income ETF during the second quarter worth approximately $691,000.

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.