Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Stock Price Up 0.7% – Still a Buy?

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) traded up 0.7% on Tuesday . The company traded as high as $8.76 and last traded at $8.7190. 116,001 shares traded hands during trading, a decline of 27% from the average session volume of 158,478 shares. The stock had previously closed at $8.66.

Eaton Vance Risk-Managed Diversified Equity Income Fund Trading Down 0.2%

The firm has a fifty day moving average price of $8.81 and a 200 day moving average price of $8.86.

Eaton Vance Risk-Managed Diversified Equity Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be paid a $0.0651 dividend. This represents a c) annualized dividend and a dividend yield of 8.9%. The ex-dividend date of this dividend is Tuesday, February 17th.

Institutional Trading of Eaton Vance Risk-Managed Diversified Equity Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of ETJ. Geneos Wealth Management Inc. boosted its position 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 valued at $35,000 after buying an additional 1,380 shares during the period. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund in the third quarter valued at $42,000. City Holding Co. purchased a new position in Eaton Vance Risk-Managed Diversified Equity Income Fund in the third quarter valued at $54,000. Harbour Investments Inc. boosted 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. Finally, Citadel Advisors LLC acquired a new position in Eaton Vance Risk-Managed Diversified Equity Income Fund during the 3rd quarter worth $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.