Eaton Vance Enhanced Equity Income Fund II (NYSEARCA:EOS) Trading Up 0.8% – Time to Buy?

Eaton Vance Enhanced Equity Income Fund II (NYSEARCA:EOS) was up 0.8% during mid-day trading on Thursday . The stock traded as high as $21.50 and last traded at $21.47. Approximately 100,915 shares changed hands during trading, a decline of 24% from the average daily volume of 133,032 shares. The stock had previously closed at $21.30.

Eaton Vance Enhanced Equity Income Fund II Stock Performance

The firm’s 50-day simple moving average is $21.41 and its 200-day simple moving average is $22.54.

Eaton Vance Enhanced Equity Income Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th will be issued a dividend of $0.1523 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date is Wednesday, April 15th.

Institutional Trading of Eaton Vance Enhanced Equity Income Fund II

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kentucky Trust Co lifted its stake in Eaton Vance Enhanced Equity Income Fund II by 23.6% in the third quarter. Kentucky Trust Co now owns 2,225 shares of the company’s stock worth $53,000 after acquiring an additional 425 shares during the period. J.W. Cole Advisors Inc. lifted its stake in Eaton Vance Enhanced Equity Income Fund II by 2.8% in the third quarter. J.W. Cole Advisors Inc. now owns 19,007 shares of the company’s stock worth $455,000 after acquiring an additional 515 shares during the period. Geneos Wealth Management Inc. lifted its stake in Eaton Vance Enhanced Equity Income Fund II by 44.2% in the second quarter. Geneos Wealth Management Inc. now owns 1,761 shares of the company’s stock worth $43,000 after acquiring an additional 540 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Eaton Vance Enhanced Equity Income Fund II by 3.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 17,305 shares of the company’s stock worth $414,000 after acquiring an additional 557 shares during the period. Finally, Altus Wealth Group LLC lifted its stake in Eaton Vance Enhanced Equity Income Fund II by 5.0% in the third quarter. Altus Wealth Group LLC now owns 12,822 shares of the company’s stock worth $307,000 after acquiring an additional 615 shares during the period.

Eaton Vance Enhanced Equity Income Fund II Company Profile

Eaton Vance Enhanced Equity Income Fund II is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in public equity markets of the United States. It seeks to invest in the stocks of companies operating across diversified sectors. The fund primarily invests in growth stocks of mid-cap and large-cap companies. It generates current earnings from option premiums by selling covered call options on a substantial portion of its portfolio. The fund benchmarks the performance of its portfolio against the Russell 1000 Growth Index, the CBOE S&P 500 BuyWrite Index, and the CBOE NASDAQ-100 BuyWrite Index.