Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) Shares Down 0.1% – Here’s What Happened

Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) was down 0.1% during trading on Tuesday . The company traded as low as $9.88 and last traded at $9.88. Approximately 370,890 shares traded hands during mid-day trading, an increase of 27% from the average daily volume of 292,794 shares. The stock had previously closed at $9.89.

Eaton Vance Limited Duration Income Fund Stock Performance

The stock has a 50 day moving average price of $9.92 and a 200 day moving average price of $10.05.

Eaton Vance Limited Duration Income Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, February 24th. Shareholders of record on Friday, February 13th will be paid a $0.0728 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date of this dividend is Friday, February 13th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EVV. City Holding Co. purchased a new position in shares of Eaton Vance Limited Duration Income Fund in the third quarter worth $61,000. Osaic Holdings Inc. lifted its stake in Eaton Vance Limited Duration Income Fund by 6.5% in the 2nd quarter. Osaic Holdings Inc. now owns 333,034 shares of the company’s stock valued at $3,417,000 after buying an additional 20,213 shares in the last quarter. M Holdings Securities Inc. acquired a new stake in shares of Eaton Vance Limited Duration Income Fund in the second quarter valued at about $251,000. Guggenheim Capital LLC lifted its position in Eaton Vance Limited Duration Income Fund by 12.0% during the second quarter. Guggenheim Capital LLC now owns 1,598,064 shares of the company’s stock worth $16,396,000 after buying an additional 170,926 shares in the last quarter. Finally, AlphaCore Capital LLC raised its stake in Eaton Vance Limited Duration Income Fund by 25.0% during the second quarter. AlphaCore Capital LLC now owns 43,402 shares of the company’s stock worth $445,000 after purchasing an additional 8,681 shares during the period.

Eaton Vance Limited Duration Income Fund Company Profile

Eaton Vance Limited Duration Income Fund is a closed-end management investment company listed on the NYSE American exchange under the ticker EVV. The fund seeks to provide shareholders with a high level of current income and preservation of capital by investing primarily in a diversified portfolio of short- to intermediate-term debt securities. Its holdings typically include investment-grade corporate bonds, asset-backed securities and various government-related obligations.

To enhance yield, the fund may employ modest leverage through the issuance of preferred stock and borrowings.