Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW)’s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $9.49 and traded as high as $9.83. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund shares last traded at $9.8050, with a volume of 303,414 shares.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Trading Up 0.8%

The firm’s 50-day moving average is $9.51 and its 200-day moving average is $9.35.

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

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be issued a dividend of $0.0664 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 8.1%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ETW. Guggenheim Capital LLC raised its position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 8.5% during the fourth quarter. Guggenheim Capital LLC now owns 2,296,545 shares of the company’s stock valued at $21,174,000 after buying an additional 180,608 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 0.3% during the third quarter. Bank of America Corp DE now owns 2,294,849 shares of the company’s stock worth $20,768,000 after acquiring an additional 6,196 shares during the last quarter. Invesco Ltd. grew its stake in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 6.1% during the third quarter. Invesco Ltd. now owns 1,663,673 shares of the company’s stock valued at $15,056,000 after acquiring an additional 95,205 shares in the last quarter. Raymond James Financial Inc. grew its stake in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 1.7% during the second quarter. Raymond James Financial Inc. now owns 1,544,773 shares of the company’s stock valued at $13,362,000 after acquiring an additional 25,209 shares in the last quarter. Finally, 1607 Capital Partners LLC increased its holdings in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 262.3% in the 4th quarter. 1607 Capital Partners LLC now owns 1,452,913 shares of the company’s stock valued at $13,396,000 after acquiring an additional 1,051,879 shares during 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.