Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Sees Unusually-High Trading Volume – Here’s Why

Shares of Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) saw unusually-strong trading volume on Thursday. 216,435 shares changed hands during mid-day trading, an increase of 161% from the previous session’s volume of 82,832 shares. The stock last traded at $48.4050 and had previously closed at $48.44.

Eaton Vance Floating Rate ETF Stock Down 0.1%

The firm’s 50-day moving average price is $48.77 and its 200 day moving average price is $48.72.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE acquired a new stake in shares of Eaton Vance Floating Rate ETF in the 2nd quarter valued at $9,840,000. Sanctuary Advisors LLC acquired a new position in shares of Eaton Vance Floating Rate ETF during the 2nd quarter worth $113,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Eaton Vance Floating Rate ETF during the 2nd quarter worth $2,149,000. Landscape Capital Management L.L.C. acquired a new stake in Eaton Vance Floating Rate ETF in the second quarter valued at about $453,000. Finally, Fund Advisors of America Inc FL acquired a new stake in Eaton Vance Floating Rate ETF in the second quarter valued at about $162,000.

Eaton Vance Floating Rate ETF Company Profile

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.