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

Shares of Eaton Vance Total Return Bond ETF (NYSE:EVTR) saw an uptick in trading volume on Friday. Approximately 2,173,546 shares were traded during mid-day trading, an increase of 247% from the previous session’s volume of 625,792 shares. The stock last traded at $49.0530 and had previously closed at $49.17.

Eaton Vance Total Return Bond ETF Stock Performance

The firm has a 50 day moving average price of $49.25 and a 200-day moving average price of $50.17.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its position in shares of Eaton Vance Total Return Bond ETF by 60.0% during the first quarter. Bank of America Corp DE now owns 3,566,409 shares of the company’s stock valued at $180,995,000 after buying an additional 1,336,772 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Eaton Vance Total Return Bond ETF by 34.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,121,112 shares of the company’s stock worth $107,562,000 after acquiring an additional 540,192 shares during the period. Provenance Wealth Advisors LLC acquired a new position in Eaton Vance Total Return Bond ETF in the first quarter worth about $71,297,000. PNC Financial Services Group Inc. raised its holdings in shares of Eaton Vance Total Return Bond ETF by 35.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,293,704 shares of the company’s stock worth $65,655,000 after buying an additional 341,899 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Eaton Vance Total Return Bond ETF by 5.1% during the first quarter. Janney Montgomery Scott LLC now owns 1,220,033 shares of the company’s stock valued at $61,917,000 after acquiring an additional 59,319 shares during the period.

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.