Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Trading 0.4% Higher – Here’s What Happened

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ)’s share price traded up 0.4% on Tuesday . The company traded as high as $8.45 and last traded at $8.43. Approximately 117,898 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 146,637 shares. The stock had previously closed at $8.40.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Up 0.4%

The firm’s 50-day moving average is $8.39 and its two-hundred day moving average is $8.42.

Eaton Vance Risk-Managed Diversified Equity Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be given a dividend of $0.0651 per share. The ex-dividend date is Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%.

Hedge Funds Weigh In On Eaton Vance Risk-Managed Diversified Equity Income Fund

Several hedge funds have recently added to or reduced their stakes in ETJ. Focus Partners Wealth bought a new position in Eaton Vance Risk-Managed Diversified Equity Income Fund in the fourth quarter valued at approximately $1,753,000. Guggenheim Capital LLC raised its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 20.4% during the 4th quarter. Guggenheim Capital LLC now owns 1,088,860 shares of the company’s stock valued at $9,604,000 after acquiring an additional 184,721 shares during the last quarter. RPO LLC bought a new stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the 4th quarter valued at $1,208,000. Invesco Ltd. lifted its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 12.8% in the 3rd quarter. Invesco Ltd. now owns 1,028,897 shares of the company’s stock valued at $9,250,000 after purchasing an additional 116,366 shares during the period. Finally, Raymond James Financial Inc. boosted its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 6.7% in the 2nd quarter. Raymond James Financial Inc. now owns 1,708,700 shares of the company’s stock worth $15,447,000 after purchasing an additional 107,014 shares during the last quarter.

Eaton Vance Risk-Managed Diversified Equity Income Fund Company Profile

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE: ETJ) is a closed-end management investment company launched in November 2008 and managed by Eaton Vance Advisors, a subsidiary of Morgan Stanley. The fund’s primary objective is to provide a high level of monthly distributable income with an element of capital preservation. It seeks to achieve this through a diversified portfolio of equity securities combined with a systematic option overlay strategy.

The core equity allocation is invested primarily in dividend-paying common stocks of large- and mid-cap companies across a range of sectors, including financials, technology, industrials and consumer staples.