Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Shares Down 0.4% – Here’s What Happened

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) dropped 0.4% during mid-day trading on Monday. The stock traded as low as $7.81 and last traded at $7.8350. 140,059 shares traded hands during trading, a decline of 6% from the average daily volume of 148,515 shares. The stock had previously closed at $7.87.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Down 0.4%

The stock’s 50 day moving average is $8.19 and its 200-day moving average is $8.40.

Eaton Vance Risk-Managed Diversified Equity Income Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Thursday, October 15th were issued a dividend of $0.0651 per share. The ex-dividend date was Thursday, October 15th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 10.0%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ETJ. Foresight Capital Management Advisors Inc. purchased a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund in the 3rd quarter valued at approximately $39,000. CoreCap Advisors LLC boosted its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 39.8% during the second quarter. CoreCap Advisors LLC now owns 7,025 shares of the company’s stock valued at $58,000 after purchasing an additional 2,000 shares in the last quarter. Gateway Wealth Partners LLC purchased a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund in the first quarter worth $98,000. Procyon Advisors LLC purchased a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund in the first quarter worth $104,000. Finally, Kingswood Wealth Advisors LLC purchased a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund in the third quarter worth $108,000.

Eaton Vance Risk-Managed Diversified Equity Income Fund Company Profile

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE: ETJ) is a closed-end investment fund managed by Eaton Vance Management, an investment management firm that is part of Morgan Stanley. The fund seeks to provide current income and capital appreciation by investing primarily in a diversified portfolio of equity securities.

ETJ uses an options-based, risk-managed strategy in conjunction with its equity investments. Its portfolio may include written call options and purchased put options, with the goal of generating income while helping to manage downside risk during periods of market volatility.