Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Shares Down 0.5%

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) fell 0.5% during trading on Wednesday . The company traded as low as $8.26 and last traded at $8.28. 93,556 shares traded hands during mid-day trading, a decline of 49% from the average session volume of 182,030 shares. The stock had previously closed at $8.32.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Down 0.5 %

The business has a fifty day simple moving average of $8.34 and a 200 day simple moving average of $8.02.

Eaton Vance Risk-Managed Diversified Equity Income Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 23rd will be given a dividend of $0.065 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 9.42%. This is an increase from Eaton Vance Risk-Managed Diversified Equity Income Fund’s previous monthly dividend of $0.06. The ex-dividend date of this dividend is Monday, April 22nd.

Institutional Trading of Eaton Vance Risk-Managed Diversified Equity Income Fund

Institutional investors have recently modified their holdings of the stock. Creative Capital Management Investments LLC bought a new stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the 3rd quarter valued at $36,000. LWM Advisory Services LLC bought a new stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the 3rd quarter valued at $37,000. Avantax Advisory Services Inc. bought a new stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the 3rd quarter valued at $78,000. Atria Wealth Solutions Inc. bought a new stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the 3rd quarter valued at $90,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the 3rd quarter valued at $95,000.

About Eaton Vance Risk-Managed Diversified Equity Income Fund

Eaton Vance Risk-Managed Diversified Equity Income Fund is a closed ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in the public equity markets of the United States. It primarily invests in common stocks and purchases out-of-the-money, short-dated S&P 500 index put options and sells out-of-the-money S&P 500 Index call options of the same term as the put options with roll dates that are staggered across the options portfolio.