Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Shares Down 0.1% – Should You Sell?

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) fell 0.1% during mid-day trading on Tuesday . The stock traded as low as $8.18 and last traded at $8.21. Approximately 86,488 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 155,604 shares. The stock had previously closed at $8.22.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Performance

The business’s 50 day moving average price is $8.40 and its 200 day moving average price is $8.55.

Eaton Vance Risk-Managed Diversified Equity Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.0651 dividend. This represents a c) annualized dividend and a yield of 9.5%. The ex-dividend date is Monday, June 15th.

Institutional Investors Weigh In On Eaton Vance Risk-Managed Diversified Equity Income Fund

Large investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 55.8% during the second quarter. Geneos Wealth Management Inc. now owns 3,855 shares of the company’s stock valued at $35,000 after acquiring an additional 1,380 shares during the last quarter. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund in the third quarter valued at approximately $42,000. Harbour Investments Inc. boosted its stake in shares of 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 worth $58,000 after acquiring an additional 5,574 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund in the third quarter worth approximately $94,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund in the fourth quarter worth approximately $94,000.

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.