Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Stock Falls 0.4% – Here’s What Happened

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) traded down 0.4% during mid-day trading on Monday. The stock traded as low as $7.81 and last traded at $7.8350. Approximately 140,059 shares were traded during mid-day trading, a decline of 6% from the average session volume of 148,515 shares. The stock had previously closed at $7.87.

Eaton Vance Risk-Managed Diversified Equity Income Fund Trading Down 0.4%

The business has a fifty day moving average of $8.19 and a 200-day moving average of $8.40.

Eaton Vance Risk-Managed Diversified Equity Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Thursday, October 15th were given a $0.0651 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 10.0%. The ex-dividend date was Thursday, October 15th.

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

Several hedge funds have recently made changes to their positions in the business. Foresight Capital Management Advisors Inc. bought a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund in the third quarter valued at $39,000. CoreCap Advisors LLC increased its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 39.8% during the 2nd quarter. CoreCap Advisors LLC now owns 7,025 shares of the company’s stock valued at $58,000 after purchasing an additional 2,000 shares during the period. Gateway Wealth Partners LLC bought a new position in Eaton Vance Risk-Managed Diversified Equity Income Fund in the 1st quarter worth $98,000. Procyon Advisors LLC bought a new position in Eaton Vance Risk-Managed Diversified Equity Income Fund in the 1st quarter worth $104,000. Finally, Kingswood Wealth Advisors LLC bought a new position in Eaton Vance Risk-Managed Diversified Equity Income Fund in the 3rd quarter worth $108,000.

About Eaton Vance Risk-Managed Diversified Equity Income Fund

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE: ETJ) is a closed-end investment fund managed by Eaton Vance Management, an investment management firm that is part of Morgan Stanley. The fund seeks to provide current income and capital appreciation by investing primarily in a diversified portfolio of equity securities.

ETJ uses an options-based, risk-managed strategy in conjunction with its equity investments. Its portfolio may include written call options and purchased put options, with the goal of generating income while helping to manage downside risk during periods of market volatility.