Eaton Vance Limited Duration Income Fund (NYSEAMERICAN: EVV) announced a monthly dividend of $0.0732 per share, effective January 26, 2024. The declaration was made on January 5, 2024, with shareholders on record as of January 14, 2024. This dividend reflects an annualized yield of 8.8%, indicating the fund’s ongoing commitment to providing a return to its investors.
The ex-dividend date for this payment is set for January 14, 2024, meaning that shares must be purchased before this date to qualify for the dividend. As of January 9, 2024, the fund’s shares opened at $9.96, with a 52-week range between a low of $8.81 and a high of $10.41. The fund’s average price over the last 50 days stands at $10.00, while the 200-day moving average is $10.11.
Institutional Investment Activity
Recent activity among institutional investors highlights growing interest in the Eaton Vance Limited Duration Income Fund. Notably, Kanen Wealth Management LLC increased its holdings by 60.2%, owning 367,219 shares valued at approximately $3.67 million after acquiring an additional 137,994 shares in the last quarter.
Baird Financial Group Inc. and Royal Bank of Canada also made significant adjustments to their stakes. Baird increased its position by 0.9%, now holding 148,864 shares valued at around $1.49 million. Meanwhile, Royal Bank of Canada raised its investment by 3.8%, accumulating 915,612 shares worth about $9.14 million after adding 33,839 shares during the same period.
Cape Investment Advisory Inc. made a notable move as well, lifting its stake by 92.1%, now owning 7,093 shares valued at $71,000. Jane Street Group LLC also increased its holdings by 92.9%, owning 35,811 shares valued at approximately $357,000.
About Eaton Vance Limited Duration Income Fund
Eaton Vance Limited Duration Income Fund operates as a closed-end management investment company listed on the NYSE American under the ticker EVV. The fund primarily aims to provide shareholders with a high level of current income while preserving capital. Its investment strategy focuses on a diversified portfolio of short- to intermediate-term debt securities, including investment-grade corporate bonds, asset-backed securities, and government-related obligations.
To enhance its yield, the fund may utilize modest leverage through issuing preferred stock and borrowing. This approach is designed to optimize returns for its investors while managing risks associated with fixed-income investments.
For those seeking updates on the Eaton Vance Limited Duration Income Fund, a daily newsletter is available, summarizing the latest news and analyst ratings related to the fund and its sector.
