Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Reaches New 52-Week Low – Here’s What Happened

Shares of Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $50.43 and last traded at $50.4380, with a volume of 29686 shares trading hands. The stock had previously closed at $50.57.

Eaton Vance Short Duration Income ETF Stock Performance

The stock has a 50-day moving average of $50.79 and a 200-day moving average of $50.99.

Eaton Vance Short Duration Income ETF Cuts Dividend

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

Institutional Trading of Eaton Vance Short Duration Income ETF

Several large investors have recently modified their holdings of EVSD. Studio Investment Management LLC bought a new position in shares of Eaton Vance Short Duration Income ETF in the fourth quarter worth $208,000. Bank of America Corp DE acquired a new position in Eaton Vance Short Duration Income ETF in the second quarter valued at about $297,000. First American Bank bought a new stake in Eaton Vance Short Duration Income ETF during the first quarter worth about $571,000. Equitable Holdings Inc. bought a new stake in Eaton Vance Short Duration Income ETF during the second quarter worth about $691,000. Finally, Eldridge Investment Advisors Inc. grew its stake 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 in the last quarter.

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.