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

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $9.30 and traded as low as $9.22. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund shares last traded at $9.2250, with a volume of 172,406 shares changing hands.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Trading Down 1.2%

The business’s fifty day simple moving average is $9.30 and its 200-day simple moving average is $9.23.

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

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.0664 per share. This represents a c) dividend on an annualized basis and a yield of 8.6%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ETW. 1607 Capital Partners LLC boosted its position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 262.3% during the 4th quarter. 1607 Capital Partners LLC now owns 1,452,913 shares of the company’s stock valued at $13,396,000 after acquiring an additional 1,051,879 shares during the last quarter. Saba Capital Management L.P. lifted its position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 2,821.6% in the fourth quarter. Saba Capital Management L.P. now owns 438,995 shares of the company’s stock worth $4,048,000 after buying an additional 423,969 shares during the last quarter. Wolverine Asset Management LLC lifted its position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 685.2% in the fourth quarter. Wolverine Asset Management LLC now owns 259,302 shares of the company’s stock worth $2,391,000 after buying an additional 226,278 shares during the last quarter. Guggenheim Capital LLC lifted its position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 8.5% in the fourth quarter. Guggenheim Capital LLC now owns 2,296,545 shares of the company’s stock worth $21,174,000 after buying an additional 180,608 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 41.2% in the second quarter. Ameriprise Financial Inc. now owns 464,182 shares of the company’s stock worth $4,016,000 after buying an additional 135,448 shares during the last quarter.

About Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

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.