Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Sees Large Volume Increase – Here’s Why

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) shares saw strong trading volume on Friday . 237,518 shares changed hands during trading, an increase of 235% from the previous session’s volume of 70,962 shares.The stock last traded at $48.67 and had previously closed at $48.58.

Eaton Vance Floating Rate ETF Price Performance

The firm has a 50 day simple moving average of $48.70 and a 200-day simple moving average of $48.75.

Hedge Funds Weigh In On Eaton Vance Floating Rate ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Eldridge Investment Advisors Inc. lifted its stake in shares of Eaton Vance Floating Rate ETF by 0.6% during the 4th quarter. Eldridge Investment Advisors Inc. now owns 189,982 shares of the company’s stock worth $9,399,000 after buying an additional 1,102 shares during the last quarter. HBK Sorce Advisory LLC bought a new stake in shares of Eaton Vance Floating Rate ETF during the second quarter worth approximately $206,000. Flow Traders U.S. LLC acquired a new position in shares of Eaton Vance Floating Rate ETF in the third quarter valued at approximately $1,174,000. Finally, Ameriprise Financial Inc. acquired a new stake in Eaton Vance Floating Rate ETF during the 3rd quarter worth approximately $27,435,000.

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.