Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Stock Price Down 0% – Here’s Why

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) shares dropped 0% during trading on Friday . The stock traded as low as $50.27 and last traded at $50.35. Approximately 117,677 shares changed hands during mid-day trading, an increase of 20% from the average daily volume of 97,693 shares. The stock had previously closed at $50.37.

Eaton Vance Floating Rate ETF Trading Down 0.0 %

The stock has a fifty day moving average price of $50.43 and a 200-day moving average price of $50.40.

Eaton Vance Floating Rate ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Friday, January 31st were given a $0.3196 dividend. The ex-dividend date of this dividend was Friday, January 31st.

Hedge Funds Weigh In On Eaton Vance Floating Rate ETF

An institutional investor recently bought a new position in Eaton Vance Floating Rate ETF stock. Flow Traders U.S. LLC purchased a new stake in shares of Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 35,500 shares of the company’s stock, valued at approximately $1,778,000. Flow Traders U.S. LLC owned approximately 0.23% of Eaton Vance Floating Rate ETF at the end of the most recent quarter.

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.