Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $9.36 and traded as high as $9.48. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund shares last traded at $9.4550, with a volume of 190,124 shares changing hands.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Trading Up 0.1%

The stock’s 50-day moving average is $9.37 and its two-hundred day moving average is $9.25.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.0664 per share. This represents a c) annualized dividend and a dividend yield of 8.4%. The ex-dividend date of this dividend is Monday, June 15th.

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

A number of institutional investors and hedge funds have recently modified their holdings of the company. US Bancorp DE increased its position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 350.0% during the third quarter. US Bancorp DE now owns 4,500 shares of the company’s stock valued at $41,000 after acquiring an additional 3,500 shares during the last quarter. CWM LLC purchased a new position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund in the fourth quarter worth about $46,000. Barrett & Company Inc. grew its stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 193.3% during the 4th quarter. Barrett & Company Inc. now owns 6,600 shares of the company’s stock valued at $62,000 after purchasing an additional 4,350 shares during the period. CoreCap Advisors LLC grew its stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 608.7% during the 4th quarter. CoreCap Advisors LLC now owns 8,150 shares of the company’s stock valued at $75,000 after purchasing an additional 7,000 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the 3rd quarter valued at about $75,000.

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

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE: ETW) is a closed-end management investment company that seeks to provide a high level of current income consistent with the preservation of capital and to achieve capital appreciation. The fund pursues its objectives by investing primarily in a diversified portfolio of U.S. and foreign equity securities, and by employing a buy-write strategy in which it writes (sells) call options on portions of its equity holdings. This option writing is designed to generate additional income and to potentially mitigate portfolio volatility.

The fund’s underlying equity investments span a broad range of sectors and geographic regions, including developed and emerging markets in North America, Europe, Asia and other regions.