Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) Stock Passes Below Fifty Day Moving Average – Time to Sell?

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $9.67 and traded as low as $9.62. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund shares last traded at $9.6350, with a volume of 256,251 shares changing hands.

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

The business’s 50-day simple moving average is $9.68 and its two-hundred day simple moving average is $9.41.

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

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.0664 dividend. This represents a c) annualized dividend and a dividend yield of 8.2%. The ex-dividend date is Tuesday, September 15th.

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

A number of hedge funds have recently bought and sold shares of ETW. Corient Private Wealth LP acquired a new stake in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund in the second quarter valued at approximately $111,000. Old Mission Investment Co LLC acquired a new position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the 2nd quarter worth approximately $112,000. David J Yvars Group lifted its position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 34.8% during the 2nd quarter. David J Yvars Group now owns 41,827 shares of the company’s stock valued at $403,000 after buying an additional 10,797 shares in the last quarter. Howard Financial Services LTD. purchased a new position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the 2nd quarter valued at approximately $105,000. Finally, Western Wealth Management LLC acquired a new stake in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund in the 1st quarter valued at $88,000.

About Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

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.