Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) Shares Cross Above Fifty Day Moving Average – Here’s Why

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $14.80 and traded as high as $15.03. Eaton Vance Tax-Managed Buy-Write Opportunities Fund shares last traded at $14.9510, with a volume of 110,394 shares trading hands.

Eaton Vance Tax-Managed Buy-Write Opportunities Fund Stock Up 1.0%

The company’s 50 day moving average is $14.80 and its 200 day moving average is $14.52.

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

The business also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be issued a $0.0993 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 8.0%.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Eaton Vance Tax-Managed Buy-Write Opportunities Fund in the 2nd quarter valued at approximately $47,000. GAMMA Investing LLC purchased a new stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund during the second quarter worth $44,000. Axiom Investment Management LLC acquired a new stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund in the first quarter valued at $50,000. Bank of America Corp DE grew its holdings in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 2.6% in the first quarter. Bank of America Corp DE now owns 719,814 shares of the financial services provider’s stock valued at $9,840,000 after purchasing an additional 18,451 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 181.9% in the first quarter. Cetera Investment Advisers now owns 340,066 shares of the financial services provider’s stock valued at $4,649,000 after purchasing an additional 219,413 shares during the last quarter.

Eaton Vance Tax-Managed Buy-Write Opportunities Fund Company Profile

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.