Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) Stock Crosses Below 50 Day Moving Average – Should You Sell?

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV)’s stock price crossed below its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $15.12 and traded as low as $14.61. Eaton Vance Tax-Managed Buy-Write Opportunities Fund shares last traded at $14.65, with a volume of 155,854 shares trading hands.

Eaton Vance Tax-Managed Buy-Write Opportunities Fund Stock Up 0.4%

The business has a 50 day moving average price of $15.11 and a two-hundred day moving average price of $14.82.

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

The firm also recently announced a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be given a dividend of $0.0993 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $1.19 annualized dividend and a dividend yield of 8.1%.

Institutional Investors Weigh In On Eaton Vance Tax-Managed Buy-Write Opportunities Fund

A number of hedge funds have recently made changes to their positions in the business. Triumph Capital Management lifted its holdings in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 8.8% during the third quarter. Triumph Capital Management now owns 27,252 shares of the financial services provider’s stock valued at $407,000 after purchasing an additional 2,206 shares during the last quarter. Shaker Financial Services LLC bought a new position in Eaton Vance Tax-Managed Buy-Write Opportunities Fund in the 3rd quarter worth about $519,000. B. Riley Wealth Advisors Inc. raised its stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 11.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 13,058 shares of the financial services provider’s stock valued at $195,000 after purchasing an additional 1,373 shares in the last quarter. Stableford Capital II LLC lifted its holdings in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 7.7% during the 3rd quarter. Stableford Capital II LLC now owns 37,556 shares of the financial services provider’s stock worth $560,000 after acquiring an additional 2,676 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 5.6% in the 2nd quarter. NewEdge Advisors LLC now owns 66,958 shares of the financial services provider’s stock worth $996,000 after purchasing an additional 3,570 shares in the last quarter.

Eaton Vance Tax-Managed Buy-Write Opportunities Fund Company Profile

Eaton Vance Tax-Managed Buy-Write Opportunities Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol ETV. The fund is managed by Eaton Vance Management, an investment-management subsidiary of Morgan Stanley Investment Management.

ETV seeks to provide current income and gains while managing the tax consequences of its investment strategy. It generally invests in a diversified portfolio of equity securities, with an emphasis on large-capitalization companies, and uses a buy-write strategy by writing call options on selected securities or broad market indexes.

The fund’s option-writing activities are intended to generate premium income and may help manage portfolio risk, although they can also limit some of the portfolio’s potential upside.