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

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETWGet Free Report)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $9.39 and traded as high as $9.61. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund shares last traded at $9.5750, with a volume of 265,863 shares changing hands.

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

The company has a 50 day moving average of $9.40 and a 200 day moving average of $9.27.

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

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a dividend of $0.0664 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%.

Institutional Investors Weigh In On Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

Several hedge funds have recently modified their holdings of ETW. Western Wealth Management LLC acquired a new position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the first quarter worth approximately $88,000. Genesis Financial Group LLC grew its stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 2.7% during the 1st quarter. Genesis Financial Group LLC now owns 44,542 shares of the company’s stock valued at $391,000 after buying an additional 1,161 shares during the period. Royal Bank of Canada grew its stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 2.3% during the 1st quarter. Royal Bank of Canada now owns 972,894 shares of the company’s stock valued at $8,542,000 after buying an additional 22,162 shares during the period. D.A. Davidson & CO. increased its holdings in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 5.8% during the 1st quarter. D.A. Davidson & CO. now owns 87,674 shares of the company’s stock worth $770,000 after buying an additional 4,843 shares during the last quarter. Finally, Calamos Advisors LLC increased its holdings in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 13.5% during the 1st quarter. Calamos Advisors LLC now owns 134,063 shares of the company’s stock worth $1,177,000 after buying an additional 15,960 shares during the last quarter.

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

(Get Free Report)

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.

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