Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Stock Price Down 0.1% – Should You Sell?

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) dropped 0.1% during mid-day trading on Tuesday . The company traded as low as $8.18 and last traded at $8.21. Approximately 86,488 shares were traded during trading, a decline of 44% from the average session volume of 155,604 shares. The stock had previously closed at $8.22.

Eaton Vance Risk-Managed Diversified Equity Income Fund Trading Down 0.1%

The company’s 50-day moving average is $8.40 and its 200 day moving average is $8.55.

Eaton Vance Risk-Managed Diversified Equity Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.0651 per share. This represents a c) annualized dividend and a dividend yield of 9.5%. The ex-dividend date of this dividend is Monday, June 15th.

Hedge Funds Weigh In On Eaton Vance Risk-Managed Diversified Equity Income Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Geneos Wealth Management Inc. raised its holdings in Eaton Vance Risk-Managed Diversified Equity Income Fund by 55.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,855 shares of the company’s stock worth $35,000 after purchasing an additional 1,380 shares during the period. KERR FINANCIAL PLANNING Corp acquired a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund in the third quarter valued at approximately $42,000. Harbour Investments Inc. grew its holdings in Eaton Vance Risk-Managed Diversified Equity Income Fund by 557.4% in the fourth quarter. Harbour Investments Inc. now owns 6,574 shares of the company’s stock valued at $58,000 after purchasing an additional 5,574 shares during the period. Citadel Advisors LLC purchased a new stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund in the third quarter valued at approximately $94,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund in the fourth quarter valued at approximately $94,000.

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.