Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

Shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $9.32 and traded as low as $9.02. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund shares last traded at $9.0250, with a volume of 268,889 shares.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Stock Down 1.3%

The company has a 50 day simple moving average of $9.32 and a 200-day simple moving average of $9.15.

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

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be given a $0.0664 dividend. This represents a c) dividend on an annualized basis and a yield of 8.8%. The ex-dividend date of this dividend is Monday, March 16th.

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

Large investors have recently bought and sold shares of the company. TMB Capital Partners LLC bought a new position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the 4th quarter worth approximately $112,000. Mercer Global Advisors Inc. ADV acquired a new position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the fourth quarter worth $684,000. Saba Capital Management L.P. boosted its holdings in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 2,821.6% during the fourth quarter. Saba Capital Management L.P. now owns 438,995 shares of the company’s stock worth $4,048,000 after purchasing an additional 423,969 shares during the last quarter. Readystate Asset Management LP bought a new position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund in the fourth quarter valued at $763,000. Finally, 1607 Capital Partners LLC grew its position 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 in the last quarter.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Company Profile

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.