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

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETVGet Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.53 and traded as low as $14.22. Eaton Vance Tax-Managed Buy-Write Opportunities Fund shares last traded at $14.27, with a volume of 159,232 shares trading hands.

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

The firm’s 50 day simple moving average is $14.82 and its 200 day simple moving average is $14.53.

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

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a dividend of $0.0993 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 8.4%.

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

Several hedge funds have recently added to or reduced their stakes in the business. CoreCap Advisors LLC boosted its position in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 69.2% during the fourth quarter. CoreCap Advisors LLC now owns 2,446 shares of the financial services provider’s stock valued at $35,000 after buying an additional 1,000 shares during the period. CENTRAL TRUST Co purchased a new position in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund in the fourth quarter worth about $36,000. GAMMA Investing LLC bought a new stake in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund in the 2nd quarter valued at about $44,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund in the 2nd quarter valued at about $47,000. Finally, Axiom Investment Management LLC bought a new stake in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund in the 1st quarter valued at about $50,000.

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

(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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