Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Announces Monthly Dividend of $0.07

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) announced a monthly dividend on Thursday, October 1st. Stockholders of record on Thursday, October 15th will be paid a dividend of $0.0651 per share on Friday, October 30th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date is Thursday, October 15th.

Eaton Vance Risk-Managed Diversified Equity Income Fund Price Performance

NYSE:ETJ opened at $8.14 on Friday. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 1-year low of $7.88 and a 1-year high of $9.08. The firm has a fifty day simple moving average of $8.37 and a 200 day simple moving average of $8.35.

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. Private Advisor Group LLC boosted its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 5.0% during the 1st quarter. Private Advisor Group LLC now owns 134,957 shares of the company’s stock worth $1,103,000 after acquiring an additional 6,395 shares during the period. Calamos Advisors LLC boosted its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 13.5% during the first quarter. Calamos Advisors LLC now owns 133,982 shares of the company’s stock worth $1,095,000 after purchasing an additional 15,950 shares during the period. First Heartland Consultants Inc. increased its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 3.1% in the second quarter. First Heartland Consultants Inc. now owns 129,146 shares of the company’s stock valued at $1,068,000 after purchasing an additional 3,905 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 3.7% during the 1st quarter. Royal Bank of Canada now owns 116,319 shares of the company’s stock worth $951,000 after buying an additional 4,183 shares during the last quarter. Finally, PMG Family Office LLC boosted its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 6.4% during the 1st quarter. PMG Family Office LLC now owns 101,258 shares of the company’s stock worth $827,000 after buying an additional 6,100 shares during the period.

About Eaton Vance Risk-Managed Diversified Equity Income Fund

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE: ETJ) is a closed-end investment fund managed by Eaton Vance Management, a Morgan Stanley Investment Management affiliate. The fund seeks to provide current income and capital appreciation through a diversified portfolio of equity securities.

The fund primarily invests in common stocks of U.S. companies across multiple industries and uses an options-based strategy as part of its portfolio management. In particular, it may write call options on individual securities or equity indexes to generate income and help manage downside risk, although this approach can also limit some potential gains.

ETJ was established as part of Eaton Vance’s family of closed-end funds and is designed for investors seeking equity-market exposure combined with an income-oriented, risk-managed strategy.