Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Hits New 1-Year Low – Here’s Why

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $49.69 and last traded at $49.70, with a volume of 73188 shares traded. The stock had previously closed at $49.78.

Eaton Vance Floating Rate ETF Stock Performance

The stock’s 50-day moving average is $50.29 and its 200-day moving average is $50.37.

Eaton Vance Floating Rate ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, February 6th. Stockholders of record on Friday, January 31st were issued a dividend of $0.3196 per share. The ex-dividend date of this dividend was Friday, January 31st.

Institutional Investors Weigh In On Eaton Vance Floating Rate ETF

A hedge fund recently bought a new stake in Eaton Vance Floating Rate ETF stock. Flow Traders U.S. LLC purchased a new stake in Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 35,500 shares of the company’s stock, valued at approximately $1,778,000. Flow Traders U.S. LLC owned 0.23% of Eaton Vance Floating Rate ETF at the end of the most recent reporting period.

About Eaton Vance Floating Rate ETF

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.