Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Shares Down 0.3% – What’s Next?

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ)’s stock price dropped 0.3% during mid-day trading on Monday . The stock traded as low as $8.46 and last traded at $8.5050. Approximately 152,957 shares traded hands during trading, a decline of 9% from the average daily volume of 168,995 shares. The stock had previously closed at $8.53.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Performance

The company has a 50-day moving average of $8.40 and a 200-day moving average of $8.66.

Eaton Vance Risk-Managed Diversified Equity Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be given a dividend of $0.0651 per share. This represents a c) annualized dividend and a yield of 9.2%. The ex-dividend date of this dividend is Friday, May 15th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. increased its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 5.9% during the 3rd quarter. Raymond James Financial Inc. now owns 1,810,277 shares of the company’s stock valued at $16,274,000 after buying an additional 101,577 shares in the last quarter. Osaic Holdings Inc. increased its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 3.2% during the 4th quarter. Osaic Holdings Inc. now owns 1,229,160 shares of the company’s stock valued at $10,841,000 after buying an additional 38,595 shares in the last quarter. Guggenheim Capital LLC increased its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 20.4% during the 4th quarter. Guggenheim Capital LLC now owns 1,088,860 shares of the company’s stock valued at $9,604,000 after buying an additional 184,721 shares in the last quarter. Invesco Ltd. increased its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 12.8% during the 3rd quarter. Invesco Ltd. now owns 1,028,897 shares of the company’s stock valued at $9,250,000 after buying an additional 116,366 shares in the last quarter. Finally, Cornerstone Advisors LLC increased its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 11.0% during the 3rd quarter. Cornerstone Advisors LLC now owns 969,417 shares of the company’s stock valued at $8,715,000 after buying an additional 96,049 shares in the last quarter.

About Eaton Vance Risk-Managed Diversified Equity Income Fund

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.