Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Stock Price Up 0.2% – Here’s What Happened

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) shares were up 0.2% during trading on Wednesday . The company traded as high as $8.24 and last traded at $8.1850. Approximately 120,677 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 167,591 shares. The stock had previously closed at $8.17.

Eaton Vance Risk-Managed Diversified Equity Income Fund Price Performance

The firm has a 50-day moving average of $8.66 and a two-hundred day moving average of $8.79.

Eaton Vance Risk-Managed Diversified Equity Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a $0.0651 dividend. This represents a c) annualized dividend and a dividend yield of 9.5%. The ex-dividend date of this dividend is Monday, March 16th.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Advisory Services Network LLC increased its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 1.6% during the fourth quarter. Advisory Services Network LLC now owns 85,908 shares of the company’s stock worth $758,000 after purchasing an additional 1,353 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 55.8% in the second quarter. Geneos Wealth Management Inc. now owns 3,855 shares of the company’s stock valued at $35,000 after purchasing an additional 1,380 shares during the period. Allworth Financial LP boosted its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 8.1% in the third quarter. Allworth Financial LP now owns 21,737 shares of the company’s stock valued at $195,000 after purchasing an additional 1,620 shares during the period. Centaurus Financial Inc. grew its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 2.6% in the third quarter. Centaurus Financial Inc. now owns 70,080 shares of the company’s stock valued at $630,000 after purchasing an additional 1,762 shares in the last quarter. Finally, Founders Financial Alliance LLC grew its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 12.1% in the fourth quarter. Founders Financial Alliance LLC now owns 18,357 shares of the company’s stock valued at $162,000 after purchasing an additional 1,983 shares in the last quarter.

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.