Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Stock Price Up 0.4% – Should You Buy?

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ)’s stock price was up 0.4% during trading on Tuesday . The stock traded as high as $8.45 and last traded at $8.43. 117,898 shares traded hands during trading, a decline of 20% from the average session volume of 146,637 shares. The stock had previously closed at $8.40.

Eaton Vance Risk-Managed Diversified Equity Income Fund Trading Up 0.4%

The stock’s 50-day moving average price is $8.39 and its 200 day moving average price is $8.42.

Eaton Vance Risk-Managed Diversified Equity Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be paid a dividend of $0.0651 per share. This represents a c) annualized dividend and a yield of 9.3%. The ex-dividend date is Friday, August 14th.

Institutional Trading of Eaton Vance Risk-Managed Diversified Equity Income Fund

A number of hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC raised its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 18.8% in the first quarter. International Assets Investment Management LLC now owns 22,109 shares of the company’s stock valued at $181,000 after buying an additional 3,500 shares during the last quarter. Arlington Capital Management Inc. grew its holdings in Eaton Vance Risk-Managed Diversified Equity Income Fund by 5.1% during the 1st quarter. Arlington Capital Management Inc. now owns 35,843 shares of the company’s stock worth $293,000 after acquiring an additional 1,725 shares during the last quarter. Private Advisor Group LLC grew its holdings in Eaton Vance Risk-Managed Diversified Equity Income Fund by 5.0% during the 1st quarter. Private Advisor Group LLC now owns 134,957 shares of the company’s stock worth $1,103,000 after acquiring an additional 6,395 shares during the last quarter. PMG Family Office LLC increased its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 6.4% in the 1st quarter. PMG Family Office LLC now owns 101,258 shares of the company’s stock valued at $827,000 after acquiring an additional 6,100 shares in the last quarter. Finally, World Investment Advisors acquired a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund in the 4th quarter valued at about $100,000.

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.