Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) Shares Cross Above 50-Day Moving Average – Time to Sell?

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $9.55 and traded as high as $9.83. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund shares last traded at $9.7850, with a volume of 245,965 shares changing hands.

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

The stock has a 50 day simple moving average of $9.55 and a two-hundred day simple moving average of $9.36.

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

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be issued a dividend of $0.0664 per share. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Friday, August 14th.

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

A number of hedge funds have recently modified their holdings of the company. Howard Financial Services LTD. acquired a new position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund in the 2nd quarter valued at about $105,000. Genesis Financial Group LLC increased its holdings in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 2.7% during the 1st quarter. Genesis Financial Group LLC now owns 44,542 shares of the company’s stock worth $391,000 after buying an additional 1,161 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 5.8% during the 1st quarter. D.A. Davidson & CO. now owns 87,674 shares of the company’s stock valued at $770,000 after buying an additional 4,843 shares during the period. Arlington Capital Management Inc. purchased a new stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the 1st quarter valued at approximately $271,000. Finally, Roman Butler Fullerton & Co. lifted its holdings in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 0.9% in the first quarter. Roman Butler Fullerton & Co. now owns 214,889 shares of the company’s stock valued at $1,962,000 after acquiring an additional 1,985 shares during 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.