Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $14.94 and traded as high as $15.30. Eaton Vance Tax-Managed Buy-Write Opportunities Fund shares last traded at $15.2750, with a volume of 130,555 shares.

Eaton Vance Tax-Managed Buy-Write Opportunities Fund Trading Up 1.2%

The stock has a fifty day simple moving average of $14.95 and a 200 day simple moving average of $14.61.

Eaton Vance Tax-Managed Buy-Write Opportunities Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be given a dividend of $0.0993 per share. The ex-dividend date is Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%.

Institutional Trading of Eaton Vance Tax-Managed Buy-Write Opportunities Fund

A number of institutional investors and hedge funds have recently bought and sold shares of ETV. Ameritas Advisory Services LLC purchased a new position in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund in the second quarter valued at $244,000. Advisory Solutions Group LLC bought a new stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund during the second quarter worth approximately $2,606,000. Markowski Investments bought a new stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund during the second quarter worth approximately $55,000. Triumph Capital Management raised its position in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 6.5% during the second quarter. Triumph Capital Management now owns 25,046 shares of the financial services provider’s stock valued at $373,000 after purchasing an additional 1,518 shares during the period. Finally, Sigma Planning Corp purchased a new stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund during the second quarter valued at approximately $185,000.

About Eaton Vance Tax-Managed Buy-Write Opportunities Fund

The Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV) is a closed-end management investment company that seeks to provide a high level of current income and capital appreciation while seeking to manage the tax consequences of fund distributions. The fund employs a buy-write, or covered call, strategy on a portfolio of primarily large-cap U.S. equities to generate option premium income and to potentially enhance overall total returns. Equity holdings are selected based on fundamental analysis, with an emphasis on high-quality issuers across various sectors.

In constructing its portfolio, ETV integrates a systematic options overlay designed to capture premiums from writing call options on the underlying stock positions.