Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Increases Dividend to $0.29 Per Share

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) declared a monthly dividend on Thursday, January 29th. Investors of record on Friday, January 30th will be given a dividend of 0.2892 per share on Thursday, February 5th. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend is Friday, January 30th. This is a 1.0% increase from Eaton Vance Floating Rate ETF’s previous monthly dividend of $0.29.

Eaton Vance Floating Rate ETF Price Performance

Eaton Vance Floating Rate ETF stock traded down $0.40 during trading hours on Friday, reaching $49.06. The company had a trading volume of 57,117 shares, compared to its average volume of 89,216. Eaton Vance Floating Rate ETF has a 12-month low of $48.21 and a 12-month high of $50.58. The company has a 50-day moving average price of $49.59 and a 200 day moving average price of $49.75.

Hedge Funds Weigh In On Eaton Vance Floating Rate ETF

An institutional investor recently bought a new position in Eaton Vance Floating Rate ETF stock. Flow Traders U.S. LLC bought a new position in shares of Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 23,645 shares of the company’s stock, valued at approximately $1,174,000. Flow Traders U.S. LLC owned 0.08% of Eaton Vance Floating Rate ETF at the end of the most recent quarter.

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.