Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Hits New 52-Week Low – Time to Sell?

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) reached a new 52-week low during trading on Thursday . The company traded as low as $50.69 and last traded at $50.70, with a volume of 32612 shares traded. The stock had previously closed at $50.78.

Eaton Vance Short Duration Income ETF Price Performance

The company has a 50-day moving average of $50.92 and a 200-day moving average of $51.18.

Eaton Vance Short Duration Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 30th were issued a $0.1902 dividend. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Tuesday, June 30th.

Institutional Investors Weigh In On Eaton Vance Short Duration Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Studio Investment Management LLC bought a new stake in Eaton Vance Short Duration Income ETF in the 4th quarter valued at $208,000. First American Bank bought a new stake in shares of Eaton Vance Short Duration Income ETF in the first quarter valued at about $571,000. Eldridge Investment Advisors Inc. lifted its holdings in shares of Eaton Vance Short Duration Income ETF by 145.7% in the fourth quarter. Eldridge Investment Advisors Inc. now owns 55,895 shares of the company’s stock valued at $2,875,000 after purchasing an additional 33,145 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Eaton Vance Short Duration Income ETF by 893.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 195,285 shares of the company’s stock worth $10,046,000 after buying an additional 175,631 shares during the period. Finally, Nemes Rush Group LLC grew its holdings in shares of Eaton Vance Short Duration Income ETF by 3.6% during the fourth quarter. Nemes Rush Group LLC now owns 196,156 shares of the company’s stock worth $10,091,000 after buying an additional 6,833 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.