Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) Share Price Passes Below 50-Day Moving Average – Time to Sell?

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW)’s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $9.30 and traded as low as $9.22. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund shares last traded at $9.2250, with a volume of 172,406 shares traded.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Stock Performance

The firm has a 50-day moving average price of $9.30 and a two-hundred day moving average price of $9.23.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.0664 per share. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 8.6%.

Hedge Funds Weigh In On Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

Several institutional investors have recently made changes to their positions in the company. Guggenheim Capital LLC increased its stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 8.5% during the fourth quarter. Guggenheim Capital LLC now owns 2,296,545 shares of the company’s stock valued at $21,174,000 after buying an additional 180,608 shares during the period. Bank of America Corp DE grew its stake in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 0.3% in the third quarter. Bank of America Corp DE now owns 2,294,849 shares of the company’s stock valued at $20,768,000 after purchasing an additional 6,196 shares during the last quarter. Invesco Ltd. grew its stake in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 6.1% in the third quarter. Invesco Ltd. now owns 1,663,673 shares of the company’s stock valued at $15,056,000 after purchasing an additional 95,205 shares during the last quarter. Raymond James Financial Inc. grew its stake in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 1.7% in the second quarter. Raymond James Financial Inc. now owns 1,544,773 shares of the company’s stock valued at $13,362,000 after purchasing an additional 25,209 shares during the last quarter. Finally, 1607 Capital Partners LLC grew its stake in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 262.3% in the fourth quarter. 1607 Capital Partners LLC now owns 1,452,913 shares of the company’s stock valued at $13,396,000 after purchasing an additional 1,051,879 shares during the last quarter.

About Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE: ETW) is a closed-end management investment company that seeks to provide a high level of current income consistent with the preservation of capital and to achieve capital appreciation. The fund pursues its objectives by investing primarily in a diversified portfolio of U.S. and foreign equity securities, and by employing a buy-write strategy in which it writes (sells) call options on portions of its equity holdings. This option writing is designed to generate additional income and to potentially mitigate portfolio volatility.

The fund’s underlying equity investments span a broad range of sectors and geographic regions, including developed and emerging markets in North America, Europe, Asia and other regions.