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

Shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $9.45 and traded as low as $9.39. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund shares last traded at $9.4150, with a volume of 169,083 shares changing hands.

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

The stock’s 50 day moving average price is $9.45 and its two-hundred day moving average price is $9.31.

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

The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be paid a $0.0664 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 8.5%.

Institutional Investors Weigh In On Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

Hedge funds have recently modified their holdings of the company. Royal Bank of Canada lifted its stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 18.4% during the 1st quarter. Royal Bank of Canada now owns 870,232 shares of the company’s stock worth $7,179,000 after purchasing an additional 135,192 shares during the period. Jane Street Group LLC purchased a new position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the first quarter worth about $109,000. Gamco Investors INC. ET AL acquired a new stake in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund in the 2nd quarter worth about $268,000. Cerity Partners LLC purchased a new stake in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund in the 2nd quarter valued at about $168,000. Finally, Raymond James Financial Inc. grew its holdings in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 1.7% in the 2nd quarter. Raymond James Financial Inc. now owns 1,544,773 shares of the company’s stock valued at $13,362,000 after buying an additional 25,209 shares during the period.

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.