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) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $15.05 and traded as high as $15.29. Eaton Vance Tax-Managed Buy-Write Opportunities Fund shares last traded at $15.1650, with a volume of 213,841 shares trading hands.

Eaton Vance Tax-Managed Buy-Write Opportunities Fund Stock Up 0.3%

The stock’s fifty day simple moving average is $15.05 and its two-hundred day simple moving average is $14.67.

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

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.0993 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ETV. GAMMA Investing LLC purchased a new stake in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund in the second quarter worth $44,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund in the 2nd quarter worth about $47,000. Markowski Investments bought a new position in Eaton Vance Tax-Managed Buy-Write Opportunities Fund in the 2nd quarter worth about $55,000. Axiom Investment Management LLC bought a new position in Eaton Vance Tax-Managed Buy-Write Opportunities Fund in the 1st quarter worth about $50,000. Finally, Main Street Group LTD purchased a new stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund during the 1st quarter valued at about $65,000.

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

The Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV) is a closed-end management investment company that seeks to provide a high level of current income and capital appreciation while seeking to manage the tax consequences of fund distributions. The fund employs a buy-write, or covered call, strategy on a portfolio of primarily large-cap U.S. equities to generate option premium income and to potentially enhance overall total returns. Equity holdings are selected based on fundamental analysis, with an emphasis on high-quality issuers across various sectors.

In constructing its portfolio, ETV integrates a systematic options overlay designed to capture premiums from writing call options on the underlying stock positions.