Eaton Vance Total Return Bond ETF (NYSEARCA:EVTR) Sees Large Volume Increase – Still a Buy?

Shares of Eaton Vance Total Return Bond ETF (NYSEARCA:EVTR) saw an uptick in trading volume on Friday . 1,763,636 shares traded hands during mid-day trading, an increase of 227% from the previous session’s volume of 538,944 shares.The stock last traded at $51.6150 and had previously closed at $51.60.

Eaton Vance Total Return Bond ETF Trading Up 0.1%

The firm’s fifty day moving average is $51.60 and its 200 day moving average is $51.44.

Institutional Investors Weigh In On Eaton Vance Total Return Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of EVTR. Opal Wealth Advisors LLC bought a new stake in Eaton Vance Total Return Bond ETF during the 3rd quarter valued at $994,000. Atria Wealth Solutions Inc. purchased a new position in shares of Eaton Vance Total Return Bond ETF during the second quarter valued at $700,000. HBK Sorce Advisory LLC bought a new stake in shares of Eaton Vance Total Return Bond ETF in the third quarter valued at about $4,170,000. RFG Advisory LLC purchased a new stake in Eaton Vance Total Return Bond ETF in the second quarter worth about $569,000. Finally, Centerpoint Advisory Group grew its holdings in Eaton Vance Total Return Bond ETF by 33.3% during the 2nd quarter. Centerpoint Advisory Group now owns 5,610 shares of the company’s stock worth $285,000 after acquiring an additional 1,400 shares in 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.