Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW)’s stock price crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $9.42 and traded as high as $9.54. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund shares last traded at $9.5010, with a volume of 216,833 shares trading hands.

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

The company has a 50-day moving average of $9.58 and a 200 day moving average of $9.42.

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

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be issued a dividend of $0.0748 per share. The ex-dividend date of this dividend is Monday, November 16th. This is a positive change from Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund’s previous monthly dividend of $0.0664. This represents a $0.90 annualized dividend and a dividend yield of 9.4%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Royal Bank of Canada raised its stake in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 2.3% in the first quarter. Royal Bank of Canada now owns 972,894 shares of the company’s stock valued at $8,542,000 after purchasing an additional 22,162 shares in the last quarter. Park Avenue Securities LLC purchased a new position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund in the 3rd quarter worth approximately $1,991,000. Roman Butler Fullerton & Co. grew its stake in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 0.9% in the 1st quarter. Roman Butler Fullerton & Co. now owns 214,889 shares of the company’s stock worth $1,962,000 after buying an additional 1,985 shares in the last quarter. Shaker Financial Services LLC bought a new position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund in the 3rd quarter worth $1,591,000. Finally, Calamos Advisors LLC increased its holdings in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 6.7% in the 3rd quarter. Calamos Advisors LLC now owns 153,215 shares of the company’s stock worth $1,456,000 after buying an additional 9,576 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 investment company that seeks to provide current income and gains while managing the tax characteristics of its distributions. The fund is managed by Eaton Vance Management and invests primarily in a diversified portfolio of global equity securities.

To pursue its objectives, ETW uses a buy-write strategy, also known as a covered-call strategy. The fund generally writes call options on some of the stocks in its portfolio or on equity indexes, seeking to generate option premiums and supplement potential dividend income.