Financial Alternatives Inc Purchases New Stake in Eaton Vance High Yield ETF $EVHY

Financial Alternatives Inc acquired a new position in shares of Eaton Vance High Yield ETF (NYSEARCA:EVHY) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 180,120 shares of the company’s stock, valued at approximately $1,490,000. Eaton Vance High Yield ETF accounts for approximately 0.7% of Financial Alternatives Inc’s portfolio, making the stock its 16th largest position. Financial Alternatives Inc owned approximately 36.02% of Eaton Vance High Yield ETF as of its most recent SEC filing.

Separately, Wealth Effects LLC purchased a new position in Eaton Vance High Yield ETF in the 2nd quarter valued at approximately $147,000.

Eaton Vance High Yield ETF Stock Performance

Shares of EVHY stock opened at $52.24 on Thursday. Eaton Vance High Yield ETF has a fifty-two week low of $48.57 and a fifty-two week high of $53.63. The business has a fifty day simple moving average of $52.27 and a 200-day simple moving average of $52.40.

About Eaton Vance High Yield ETF

The Eaton Vance High Yield ETF (EVHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, investing in a broad portfolio of US corporate high yield debt securities with varying maturities. The fund aims for high levels of income and capital growth EVHY was launched on Oct 16, 2023 and is issued by Eaton Vance.