Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) Shares Cross Above Fifty Day Moving Average – Here’s Why

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $14.64 and traded as high as $14.65. Eaton Vance Tax-Managed Buy-Write Opportunities Fund shares last traded at $14.5570, with a volume of 140,300 shares trading hands.

Eaton Vance Tax-Managed Buy-Write Opportunities Fund Stock Down 0.0%

The stock has a fifty day moving average price of $14.64 and a 200-day moving average price of $14.44.

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

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.0993 per share. This represents a c) annualized dividend and a dividend yield of 8.2%. The ex-dividend date is Monday, June 15th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ETV. Balanced Wealth Group LLC increased its holdings in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 2.9% in the 4th quarter. Balanced Wealth Group LLC now owns 571,980 shares of the financial services provider’s stock valued at $8,151,000 after buying an additional 16,004 shares during the period. Olistico Wealth LLC acquired a new stake in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund during the 4th quarter valued at about $92,000. Focus Financial Network Inc. increased its stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 1.8% in the fourth quarter. Focus Financial Network Inc. now owns 55,863 shares of the financial services provider’s stock valued at $802,000 after acquiring an additional 1,006 shares during the period. Commons Capital LLC increased its stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 13.2% in the fourth quarter. Commons Capital LLC now owns 26,646 shares of the financial services provider’s stock valued at $383,000 after acquiring an additional 3,098 shares during the period. Finally, PMG Family Office LLC acquired a new position in Eaton Vance Tax-Managed Buy-Write Opportunities Fund in the third quarter worth about $1,494,000.

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.