Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) Shares Pass Above 50 Day Moving Average – Should You Sell?

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETVGet Free Report) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $14.80 and traded as high as $15.03. Eaton Vance Tax-Managed Buy-Write Opportunities Fund shares last traded at $14.9510, with a volume of 110,394 shares traded.

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

The stock has a 50-day moving average of $14.81 and a 200 day moving average of $14.52.

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

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be given a $0.0993 dividend. The ex-dividend date is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%.

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

A number of institutional investors and hedge funds have recently made changes to their positions in ETV. Cetera Investment Advisers lifted its stake in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 181.9% during the first quarter. Cetera Investment Advisers now owns 340,066 shares of the financial services provider’s stock valued at $4,649,000 after buying an additional 219,413 shares during the period. Wolverine Asset Management LLC grew its stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 169.3% in the 4th quarter. Wolverine Asset Management LLC now owns 333,559 shares of the financial services provider’s stock worth $4,790,000 after acquiring an additional 209,679 shares during the period. Readystate Asset Management LP grew its stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 386.4% in the 4th quarter. Readystate Asset Management LP now owns 229,639 shares of the financial services provider’s stock worth $3,298,000 after acquiring an additional 182,423 shares during the period. Emissary Wealth LLC acquired a new position in Eaton Vance Tax-Managed Buy-Write Opportunities Fund in the 4th quarter valued at $2,418,000. Finally, Guggenheim Capital LLC lifted its stake in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 8.2% during the 4th quarter. Guggenheim Capital LLC now owns 1,305,364 shares of the financial services provider’s stock worth $18,745,000 after purchasing an additional 98,454 shares during the period.

About Eaton Vance Tax-Managed Buy-Write Opportunities Fund

(Get Free Report)

The Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV) is a closed-end management investment company that seeks to provide a high level of current income and capital appreciation while seeking to manage the tax consequences of fund distributions. The fund employs a buy-write, or covered call, strategy on a portfolio of primarily large-cap U.S. equities to generate option premium income and to potentially enhance overall total returns. Equity holdings are selected based on fundamental analysis, with an emphasis on high-quality issuers across various sectors.

In constructing its portfolio, ETV integrates a systematic options overlay designed to capture premiums from writing call options on the underlying stock positions.

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