Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) Shares Cross Below Fifty Day Moving Average – Here’s Why

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $9.32 and traded as low as $9.02. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund shares last traded at $9.0250, with a volume of 268,889 shares trading hands.

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

The company has a 50-day simple moving average of $9.32 and a two-hundred day simple moving average of $9.15.

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

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a $0.0664 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 8.8%.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new stake in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund in the third quarter valued at $28,000. Parkside Financial Bank & Trust acquired a new position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the 2nd quarter worth about $39,000. US Bancorp DE raised its holdings in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 350.0% in the 3rd quarter. US Bancorp DE now owns 4,500 shares of the company’s stock valued at $41,000 after purchasing an additional 3,500 shares during the period. CWM LLC bought a new stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund in the 4th quarter valued at about $46,000. Finally, City Holding Co. acquired a new stake in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund in the 3rd quarter valued at about $54,000.

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

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.