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

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $8.08 and traded as high as $8.34. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund shares last traded at $8.33, with a volume of 297,837 shares.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Trading Up 0.5%

The firm has a fifty day moving average price of $8.08 and a 200 day moving average price of $8.37.

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

The company also recently announced a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be paid a $0.0664 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.80 dividend on an annualized basis and a yield of 9.56%.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 1.8% during the 3rd quarter. Franklin Resources Inc. now owns 252,912 shares of the company’s stock valued at $2,195,000 after acquiring an additional 4,472 shares during the period. JPMorgan Chase & Co. grew its position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 1,093.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,643 shares of the company’s stock valued at $40,000 after acquiring an additional 4,254 shares during the period. Park Avenue Securities LLC grew its position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 4.3% during the 4th quarter. Park Avenue Securities LLC now owns 168,690 shares of the company’s stock valued at $1,420,000 after acquiring an additional 7,022 shares during the period. Arkadios Wealth Advisors grew its position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 54.2% during the 4th quarter. Arkadios Wealth Advisors now owns 118,640 shares of the company’s stock valued at $999,000 after acquiring an additional 41,724 shares during the period. Finally, Annex Advisory Services LLC acquired a new stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the 4th quarter valued at about $202,000.

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

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. It is co-managed by Parametric Portfolio Associates LLC. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors.