Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Sets New 52-Week Low – Should You Sell?

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) hit a new 52-week low during trading on Tuesday . The stock traded as low as $50.71 and last traded at $50.73, with a volume of 100774 shares changing hands. The stock had previously closed at $50.83.

Eaton Vance Short Duration Income ETF Stock Down 0.2%

The business has a fifty day moving average of $50.94 and a 200 day moving average of $51.21.

Eaton Vance Short Duration Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 30th were given a $0.1902 dividend. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Tuesday, June 30th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of EVSD. Ameriprise Financial Inc. bought a new position in shares of Eaton Vance Short Duration Income ETF during the 3rd quarter valued at $15,875,000. Prism Advisors Inc. bought a new stake in Eaton Vance Short Duration Income ETF in the first quarter worth $15,230,000. Janney Montgomery Scott LLC increased its position in Eaton Vance Short Duration Income ETF by 893.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 195,285 shares of the company’s stock worth $10,046,000 after buying an additional 175,631 shares during the last quarter. Eldridge Investment Advisors Inc. increased 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 worth $2,875,000 after buying an additional 33,145 shares during the last quarter. Finally, First American Bank acquired a new position in Eaton Vance Short Duration Income ETF during the first quarter worth $571,000.

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.