Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Reaches New 52-Week Low – Time to Sell?

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $50.27 and last traded at $50.2850, with a volume of 265334 shares trading hands. The stock had previously closed at $50.29.

Eaton Vance Short Duration Income ETF Stock Performance

The stock has a 50 day moving average price of $50.75 and a 200-day moving average price of $50.95.

Eaton Vance Short Duration Income ETF Cuts Dividend

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

Institutional Trading of Eaton Vance Short Duration Income ETF

Institutional investors have recently made changes to their positions in the stock. Prism Advisors Inc. purchased a new stake in Eaton Vance Short Duration Income ETF during the 1st quarter valued at $15,230,000. First American Bank purchased a new position in shares of Eaton Vance Short Duration Income ETF in the first quarter valued at about $571,000. Eldridge Investment Advisors Inc. increased its position in shares of Eaton Vance Short Duration Income ETF by 145.7% in the fourth quarter. Eldridge Investment Advisors Inc. now owns 55,895 shares of the company’s stock valued at $2,875,000 after acquiring an additional 33,145 shares during the period. Equitable Holdings Inc. bought a new position in shares of Eaton Vance Short Duration Income ETF during the second quarter valued at about $691,000. Finally, Studio Investment Management LLC bought a new position in shares of Eaton Vance Short Duration Income ETF during the second quarter valued at about $391,000.

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.