Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) Shares Cross Above 50-Day Moving Average – Here’s Why

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $13.53 and traded as high as $13.90. Eaton Vance Tax-Managed Buy-Write Opportunities Fund shares last traded at $13.83, with a volume of 85,438 shares changing hands.

Eaton Vance Tax-Managed Buy-Write Opportunities Fund Price Performance

The firm has a 50 day moving average of $13.53 and a two-hundred day moving average of $13.28.

Eaton Vance Tax-Managed Buy-Write Opportunities Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 23rd will be paid a $0.099 dividend. This represents a $1.19 dividend on an annualized basis and a dividend yield of 8.59%. The ex-dividend date is Wednesday, October 23rd.

Hedge Funds Weigh In On Eaton Vance Tax-Managed Buy-Write Opportunities Fund

A number of large investors have recently modified their holdings of ETV. Cornerstone Advisors LLC grew its stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 26.9% in the 1st quarter. Cornerstone Advisors LLC now owns 2,064,948 shares of the financial services provider’s stock valued at $26,700,000 after purchasing an additional 437,703 shares during the period. Balanced Wealth Group LLC increased its holdings in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 2.3% in the second quarter. Balanced Wealth Group LLC now owns 500,530 shares of the financial services provider’s stock worth $6,483,000 after purchasing an additional 11,265 shares during the period. Shaker Financial Services LLC grew its holdings in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 3.0% during the second quarter. Shaker Financial Services LLC now owns 369,575 shares of the financial services provider’s stock worth $5,052,000 after purchasing an additional 10,789 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 9.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 290,183 shares of the financial services provider’s stock worth $3,967,000 after buying an additional 26,171 shares during the last quarter. Finally, Truist Financial Corp lifted its stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 12.2% during the second quarter. Truist Financial Corp now owns 281,274 shares of the financial services provider’s stock worth $3,845,000 after purchasing an additional 30,591 shares during the last quarter.

Eaton Vance Tax-Managed Buy-Write Opportunities Fund Company Profile

Eaton Vance Tax-Managed Buy-Write Opportunities Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. It is co-managed by Parametric Portfolio Associates LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.