Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Shares Up 0.1% – Should You Buy?

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) shares traded up 0.1% on Tuesday . The company traded as high as $8.78 and last traded at $8.78. 147,401 shares changed hands during mid-day trading, a decline of 1% from the average session volume of 148,511 shares. The stock had previously closed at $8.77.

Eaton Vance Risk-Managed Diversified Equity Income Fund Trading Up 0.1%

The firm has a fifty day moving average of $8.80 and a 200-day moving average of $8.89.

Eaton Vance Risk-Managed Diversified Equity Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a dividend of $0.0651 per share. This represents a c) annualized dividend and a dividend yield of 8.9%. The ex-dividend date of this dividend is Monday, December 15th.

Institutional Investors Weigh In On Eaton Vance Risk-Managed Diversified Equity Income Fund

A number of large investors have recently added to or reduced their stakes in ETJ. Raymond James Financial Inc. raised its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 5.9% during the third quarter. Raymond James Financial Inc. now owns 1,810,277 shares of the company’s stock worth $16,274,000 after acquiring an additional 101,577 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 6.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,175,003 shares of the company’s stock worth $10,622,000 after purchasing an additional 71,971 shares in the last quarter. Invesco Ltd. increased its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 12.8% during the 3rd quarter. Invesco Ltd. now owns 1,028,897 shares of the company’s stock worth $9,250,000 after purchasing an additional 116,366 shares in the last quarter. Cornerstone Advisors LLC raised its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 11.0% during the 3rd quarter. Cornerstone Advisors LLC now owns 969,417 shares of the company’s stock worth $8,715,000 after purchasing an additional 96,049 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 5.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 401,249 shares of the company’s stock valued at $3,627,000 after buying an additional 19,783 shares in the last quarter.

About Eaton Vance Risk-Managed Diversified Equity Income Fund

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE: ETJ) is a closed-end management investment company launched in November 2008 and managed by Eaton Vance Advisors, a subsidiary of Morgan Stanley. The fund’s primary objective is to provide a high level of monthly distributable income with an element of capital preservation. It seeks to achieve this through a diversified portfolio of equity securities combined with a systematic option overlay strategy.

The core equity allocation is invested primarily in dividend-paying common stocks of large- and mid-cap companies across a range of sectors, including financials, technology, industrials and consumer staples.