Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) Share Price Crosses Above 50-Day Moving Average – Here’s Why

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $14.49 and traded as high as $14.55. Eaton Vance Tax-Managed Buy-Write Opportunities Fund shares last traded at $14.5160, with a volume of 191,720 shares changing hands.

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

The stock’s fifty day moving average is $14.49 and its two-hundred day moving average is $14.28.

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

The business also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be issued a $0.0993 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date is Tuesday, February 17th.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. HBK Sorce Advisory LLC lifted its position in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 2.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 26,747 shares of the financial services provider’s stock valued at $392,000 after purchasing an additional 700 shares in the last quarter. WCG Wealth Advisors LLC increased its stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 2.0% in the 3rd quarter. WCG Wealth Advisors LLC now owns 45,360 shares of the financial services provider’s stock valued at $646,000 after buying an additional 884 shares during the last quarter. Stifel Financial Corp lifted its position in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 1.2% during the 4th quarter. Stifel Financial Corp now owns 76,451 shares of the financial services provider’s stock worth $1,098,000 after buying an additional 899 shares in the last quarter. CoreCap Advisors LLC lifted its position in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 69.2% during the 4th quarter. CoreCap Advisors LLC now owns 2,446 shares of the financial services provider’s stock worth $35,000 after buying an additional 1,000 shares in the last quarter. Finally, Focus Financial Network Inc. boosted its stake in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 1.8% in the 4th quarter. Focus Financial Network Inc. now owns 55,863 shares of the financial services provider’s stock worth $802,000 after buying an additional 1,006 shares during the last quarter.

About Eaton Vance Tax-Managed Buy-Write Opportunities Fund

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.