Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Trading 0.1% Higher – Here’s Why

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ)’s share price rose 0.1% on Tuesday . The stock traded as high as $8.78 and last traded at $8.78. Approximately 147,401 shares were traded during trading, a decline of 1% from the average daily volume of 148,511 shares. The stock had previously closed at $8.77.

Eaton Vance Risk-Managed Diversified Equity Income Fund Price Performance

The company has a 50-day moving average price of $8.80 and a 200-day moving average price of $8.89.

Eaton Vance Risk-Managed Diversified Equity Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a $0.0651 dividend. This represents a c) dividend on an annualized basis and a yield of 8.9%. The ex-dividend date is Monday, December 15th.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Two Sigma Investments LP grew its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 130.3% in the third quarter. Two Sigma Investments LP now owns 134,156 shares of the company’s stock valued at $1,206,000 after purchasing an additional 75,909 shares during the period. Invesco Ltd. boosted its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 12.8% in the 3rd quarter. Invesco Ltd. now owns 1,028,897 shares of the company’s stock worth $9,250,000 after buying an additional 116,366 shares during the last quarter. Private Advisor Group LLC boosted its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 14.0% in the 3rd quarter. Private Advisor Group LLC now owns 121,334 shares of the company’s stock worth $1,091,000 after buying an additional 14,913 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund in the 2nd quarter valued at about $110,000. Finally, Geneos Wealth Management Inc. increased its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 55.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,855 shares of the company’s stock valued at $35,000 after acquiring an additional 1,380 shares during the last quarter.

Eaton Vance Risk-Managed Diversified Equity Income Fund Company Profile

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.