Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Plans Monthly Dividend of $0.07

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) announced a monthly dividend on Thursday, October 1st. Investors of record on Thursday, October 15th will be paid a dividend of $0.0651 per share on Friday, October 30th. This represents a $0.78 annualized dividend and a dividend yield of 9.6%. The ex-dividend date of this dividend is Thursday, October 15th.

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

NYSE:ETJ opened at $8.14 on Friday. Eaton Vance Risk-Managed Diversified Equity Income Fund has a fifty-two week low of $7.88 and a fifty-two week high of $9.08. The stock has a fifty day moving average price of $8.37 and a 200-day moving average price of $8.35.

Hedge Funds Weigh In On Eaton Vance Risk-Managed Diversified Equity Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in ETJ. Baird Financial Group Inc. grew its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 3.4% in the second quarter. Baird Financial Group Inc. now owns 36,296 shares of the company’s stock valued at $300,000 after acquiring an additional 1,195 shares during the last quarter. Ameritas Advisory Services LLC lifted its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 17.0% during the second quarter. Ameritas Advisory Services LLC now owns 16,878 shares of the company’s stock worth $140,000 after purchasing an additional 2,450 shares during the period. First Heartland Consultants Inc. grew its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 3.1% in the second quarter. First Heartland Consultants Inc. now owns 129,146 shares of the company’s stock worth $1,068,000 after purchasing an additional 3,905 shares during the last quarter. CoreCap Advisors LLC grew its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 39.8% in the second quarter. CoreCap Advisors LLC now owns 7,025 shares of the company’s stock worth $58,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Western Wealth Management LLC increased its holdings in Eaton Vance Risk-Managed Diversified Equity Income Fund by 5.6% in the first quarter. Western Wealth Management LLC now owns 25,915 shares of the company’s stock valued at $212,000 after purchasing an additional 1,367 shares during the period.

Eaton Vance Risk-Managed Diversified Equity Income Fund Company Profile

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE: ETJ) is a closed-end investment fund managed by Eaton Vance Management, a Morgan Stanley Investment Management affiliate. The fund seeks to provide current income and capital appreciation through a diversified portfolio of equity securities.

The fund primarily invests in common stocks of U.S. companies across multiple industries and uses an options-based strategy as part of its portfolio management. In particular, it may write call options on individual securities or equity indexes to generate income and help manage downside risk, although this approach can also limit some potential gains.

ETJ was established as part of Eaton Vance’s family of closed-end funds and is designed for investors seeking equity-market exposure combined with an income-oriented, risk-managed strategy.