Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) Stock Crosses Below 50-Day Moving Average – Time to Sell?

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV)’s share price crossed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $15.14 and traded as low as $15.10. Eaton Vance Tax-Managed Buy-Write Opportunities Fund shares last traded at $15.1850, with a volume of 193,692 shares traded.

Eaton Vance Tax-Managed Buy-Write Opportunities Fund Trading Up 1.3%

The company has a 50 day moving average of $15.14 and a 200-day moving average of $14.76.

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

The business also recently announced a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be given a $0.0993 dividend. This represents a $1.19 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend is Thursday, October 15th.

Institutional Trading of Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Hedge funds have recently added to or reduced their stakes in the stock. Stableford Capital II LLC lifted its position in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 7.7% during the 3rd quarter. Stableford Capital II LLC now owns 37,556 shares of the financial services provider’s stock valued at $560,000 after acquiring an additional 2,676 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 5.6% during the second quarter. NewEdge Advisors LLC now owns 66,958 shares of the financial services provider’s stock worth $996,000 after purchasing an additional 3,570 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund during the 2nd quarter worth about $244,000. Advisory Solutions Group LLC acquired a new stake in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund during the 2nd quarter worth $2,606,000. Finally, Markowski Investments acquired a new position in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund in the 2nd quarter valued at about $55,000.

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

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV) is a closed-end investment fund managed by Eaton Vance Management, an investment-management subsidiary of Morgan Stanley. The fund is designed for investors seeking a combination of current income and long-term capital appreciation through an options-based equity strategy.

ETV generally invests in a diversified portfolio of common stocks, with an emphasis on large-capitalization companies, and employs a buy-write strategy.