Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Shares Up 0% – Should You Buy?

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD)’s stock price was up 0% during trading on Friday . The stock traded as high as $51.66 and last traded at $51.65. Approximately 83,570 shares were traded during trading, a decline of 54% from the average daily volume of 179,773 shares. The stock had previously closed at $51.63.

Eaton Vance Short Duration Income ETF Stock Up 0.0%

The company’s 50 day simple moving average is $51.52 and its 200-day simple moving average is $51.49.

Eaton Vance Short Duration Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Friday, January 30th were given a $0.1954 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Friday, January 30th.

Hedge Funds Weigh In On Eaton Vance Short Duration Income ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Flow Traders U.S. LLC purchased a new stake in shares of Eaton Vance Short Duration Income ETF in the 2nd quarter valued at about $1,189,000. Nemes Rush Group LLC bought a new position in shares of Eaton Vance Short Duration Income ETF in the third quarter worth approximately $9,732,000. Ameriprise Financial Inc. purchased a new stake in Eaton Vance Short Duration Income ETF in the third quarter valued at approximately $15,875,000. Studio Investment Management LLC purchased a new stake in Eaton Vance Short Duration Income ETF in the fourth quarter valued at approximately $208,000. Finally, 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 last quarter.

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.