Eaton Vance Floating-Rate ETF Price & Performance (EVLN)

The Eaton Vance Floating-Rate Income Trust has announced a reduced monthly dividend of $0.094 per share, marking an 8.7% decrease. This adjustment reflects the fund's sensitivity to declining interest rates, which impact its earnings. Investors are advised to monitor interest rate trends before considering further investments in this fund.12

Morgan Stanley Investment Management has added the Eaton Vance High Income Municipal ETF to its $4.7 billion ETF platform. This marks the eighth active fixed-income strategy under Eaton Vance branding. The new ETF aims to provide high income exempt from federal taxes, targeting municipal obligations for 80% of its assets.3

Eaton Vance's stock is trading with a price-to-earnings (P/E) ratio of 19.68, below the market average of 23.47. Analysts project a 16.44% earnings growth in the next year, suggesting potential value for investors. The company’s PEG ratio of 1.45 indicates a balanced valuation relative to growth expectations.45