Eaton Vance Total Return Bond ETF (NYSE:EVTR) Hits New 12-Month Low – What’s Next?

Eaton Vance Total Return Bond ETF (NYSE:EVTR) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $49.15 and last traded at $49.1750, with a volume of 843259 shares traded. The stock had previously closed at $49.19.

Eaton Vance Total Return Bond ETF Stock Performance

The stock’s 50 day simple moving average is $50.10 and its 200 day simple moving average is $50.65.

Institutional Investors Weigh In On Eaton Vance Total Return Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE boosted its stake in Eaton Vance Total Return Bond ETF by 60.0% during the 1st quarter. Bank of America Corp DE now owns 3,566,409 shares of the company’s stock valued at $180,995,000 after purchasing an additional 1,336,772 shares during the last quarter. LPL Financial LLC raised its stake in shares of Eaton Vance Total Return Bond ETF by 28.0% in the fourth quarter. LPL Financial LLC now owns 2,622,043 shares of the company’s stock worth $135,035,000 after purchasing an additional 573,492 shares during the last quarter. Prodigy Asset Management LLC lifted its holdings in shares of Eaton Vance Total Return Bond ETF by 47.5% in the fourth quarter. Prodigy Asset Management LLC now owns 2,207,463 shares of the company’s stock valued at $113,684,000 after purchasing an additional 711,092 shares in the last quarter. Provenance Wealth Advisors LLC purchased a new position in shares of Eaton Vance Total Return Bond ETF during the first quarter valued at approximately $71,297,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Eaton Vance Total Return Bond ETF by 35.9% during the first quarter. PNC Financial Services Group Inc. now owns 1,293,704 shares of the company’s stock valued at $65,655,000 after buying an additional 341,899 shares during the last quarter.

Eaton Vance Total Return Bond ETF Company Profile

The Eaton Vance Total Return Bond ETF (EVTR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that aims to invest in USD-denominated, investment grade securities from government and corporate issuers. The fund aims to maintain an average weighted maturity between five and ten years. EVTR was launched on Nov 14, 1984 and is issued by Eaton Vance.