Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Sets New 52-Week Low – Should You Sell?

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD)’s stock price hit a new 52-week low on Wednesday . The company traded as low as $50.27 and last traded at $50.2850, with a volume of 265334 shares changing hands. The stock had previously closed at $50.29.

Eaton Vance Short Duration Income ETF Trading Up 0.1%

The company’s 50-day moving average is $50.73 and its 200-day moving average is $50.94.

Eaton Vance Short Duration Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Monday, August 31st were issued a dividend of $0.1893 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a c) annualized dividend and a yield of 4.5%.

Institutional Investors Weigh In On Eaton Vance Short Duration Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Prism Advisors Inc. acquired a new stake in Eaton Vance Short Duration Income ETF in the first quarter worth about $15,230,000. First American Bank bought a new position in shares of Eaton Vance Short Duration Income ETF in the 1st quarter valued at about $571,000. 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. Equitable Holdings Inc. bought a new stake in shares of Eaton Vance Short Duration Income ETF during the second quarter worth approximately $691,000. Finally, Studio Investment Management LLC acquired a new position in Eaton Vance Short Duration Income ETF in the second quarter valued at approximately $391,000.

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.