Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) Trading Down 0.2% – Here’s Why

Shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) fell 0.2% during mid-day trading on Friday . The company traded as low as $9.16 and last traded at $9.2050. 649,731 shares changed hands during trading, an increase of 91% from the average session volume of 339,310 shares. The stock had previously closed at $9.22.

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

The firm’s 50 day moving average price is $9.09 and its two-hundred day moving average price is $8.93.

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

The business also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were given a $0.0664 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.7%.

Hedge Funds Weigh In On Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

A number of institutional investors have recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the 3rd quarter worth about $28,000. Pinnacle Bancorp Inc. bought a new position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the second quarter worth approximately $30,000. Parkside Financial Bank & Trust bought a new position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the 2nd quarter worth $39,000. US Bancorp DE increased its position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 350.0% during the third quarter. US Bancorp DE now owns 4,500 shares of the company’s stock worth $41,000 after acquiring an additional 3,500 shares during the period. Finally, City Holding Co. bought a new position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the third quarter worth approximately $54,000.

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.