Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $14.53 and traded as high as $14.73. Eaton Vance Tax-Managed Buy-Write Opportunities Fund shares last traded at $14.61, with a volume of 291,390 shares trading hands.

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

The business’s 50 day moving average price is $14.53 and its 200-day moving average price is $14.31.

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

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th were issued a dividend of $0.0993 per share. This represents a c) dividend on an annualized basis and a yield of 8.2%. The ex-dividend date of this dividend was Tuesday, February 17th.

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

Several institutional investors and hedge funds have recently made changes to their positions in ETV. HBK Sorce Advisory LLC lifted its stake in 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 worth $392,000 after purchasing an additional 700 shares during the last quarter. WCG Wealth Advisors LLC raised its holdings in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 2.0% during the third quarter. WCG Wealth Advisors LLC now owns 45,360 shares of the financial services provider’s stock worth $646,000 after purchasing an additional 884 shares during the period. Stifel Financial Corp lifted its position in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 1.2% in 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 during the last quarter. CoreCap Advisors LLC boosted its holdings in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 69.2% in the 4th 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. Finally, Focus Financial Network Inc. boosted its holdings 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 valued at $802,000 after buying an additional 1,006 shares during the period.

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.