Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) Stock Price Crosses Below Fifty Day Moving Average – What’s Next?

Shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $9.45 and traded as low as $9.39. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund shares last traded at $9.4150, with a volume of 169,083 shares trading hands.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Trading Down 0.1%

The business’s 50-day moving average is $9.45 and its two-hundred day moving average is $9.31.

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

The business also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a $0.0664 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 8.5%.

Hedge Funds Weigh In On Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada grew its position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 18.4% in the first quarter. Royal Bank of Canada now owns 870,232 shares of the company’s stock valued at $7,179,000 after acquiring an additional 135,192 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the first quarter worth $109,000. Gamco Investors INC. ET AL acquired a new position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the second quarter worth $268,000. Cerity Partners LLC purchased a new position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund in the second quarter valued at $168,000. Finally, Raymond James Financial Inc. grew its holdings in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 1.7% during the 2nd quarter. Raymond James Financial Inc. now owns 1,544,773 shares of the company’s stock valued at $13,362,000 after purchasing an additional 25,209 shares in the last quarter.

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.