diff --git a/eng/Versions.props b/eng/Versions.props
index 5bb84a9a4b..856b681f96 100644
--- a/eng/Versions.props
+++ b/eng/Versions.props
@@ -45,7 +45,7 @@
     <MicrosoftBclAsyncInterfacesVersion>1.1.0</MicrosoftBclAsyncInterfacesVersion>
     <MicrosoftDiagnosticsRuntimeVersion>2.3.405501</MicrosoftDiagnosticsRuntimeVersion>
     <MicrosoftDiaSymReaderNativePackageVersion>16.9.0-beta1.21055.5</MicrosoftDiaSymReaderNativePackageVersion>
-    <MicrosoftDiagnosticsTracingTraceEventVersion>2.0.76</MicrosoftDiagnosticsTracingTraceEventVersion>
+    <MicrosoftDiagnosticsTracingTraceEventVersion>3.0.7</MicrosoftDiagnosticsTracingTraceEventVersion>
     <!-- Use pinned version to avoid picking up latest (which doesn't support netcoreapp3.1) during source-build -->
     <MicrosoftExtensionsLoggingPinnedVersion>2.1.1</MicrosoftExtensionsLoggingPinnedVersion>
     <!-- dotnet-dsrouter needs a net6.0 version of logging -->