Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Shares Down 0.3% – What’s Next?

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) traded down 0.3% on Monday . The company traded as low as $8.46 and last traded at $8.5050. 152,957 shares traded hands during trading, a decline of 9% from the average session volume of 168,995 shares. The stock had previously closed at $8.53.

Eaton Vance Risk-Managed Diversified Equity Income Fund Price Performance

The company has a 50-day moving average price of $8.40 and a 200 day moving average price of $8.66.

Eaton Vance Risk-Managed Diversified Equity Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given a $0.0651 dividend. This represents a c) annualized dividend and a dividend yield of 9.2%. The ex-dividend date of this dividend is Friday, May 15th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Everstar Asset Management LLC raised its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 16.7% in the 4th quarter. Everstar Asset Management LLC now owns 19,786 shares of the company’s stock worth $175,000 after acquiring an additional 2,831 shares in the last quarter. Calamos Advisors LLC raised its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 32.1% in the 4th quarter. Calamos Advisors LLC now owns 118,032 shares of the company’s stock worth $1,041,000 after acquiring an additional 28,710 shares in the last quarter. Shaker Financial Services LLC raised its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 13.1% in the 4th quarter. Shaker Financial Services LLC now owns 414,103 shares of the company’s stock worth $3,652,000 after acquiring an additional 48,105 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 46.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 48,508 shares of the company’s stock worth $431,000 after acquiring an additional 15,484 shares in the last quarter. Finally, Successful Portfolios LLC raised its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 10.0% in the 4th quarter. Successful Portfolios LLC now owns 27,602 shares of the company’s stock worth $247,000 after acquiring an additional 2,500 shares in the last quarter.

Eaton Vance Risk-Managed Diversified Equity Income Fund Company Profile

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE: ETJ) is a closed-end management investment company launched in November 2008 and managed by Eaton Vance Advisors, a subsidiary of Morgan Stanley. The fund’s primary objective is to provide a high level of monthly distributable income with an element of capital preservation. It seeks to achieve this through a diversified portfolio of equity securities combined with a systematic option overlay strategy.

The core equity allocation is invested primarily in dividend-paying common stocks of large- and mid-cap companies across a range of sectors, including financials, technology, industrials and consumer staples.