Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.53 and traded as low as $14.22. Eaton Vance Tax-Managed Buy-Write Opportunities Fund shares last traded at $14.27, with a volume of 159,232 shares trading hands.

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

The business has a 50 day moving average price of $14.82 and a two-hundred day moving average price of $14.53.

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

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a dividend of $0.0993 per share. This represents a c) dividend on an annualized basis and a yield of 8.4%. The ex-dividend date is Wednesday, July 15th.

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

Several institutional investors have recently added to or reduced their stakes in ETV. Jane Street Group LLC purchased a new position in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund in the first quarter valued at about $152,000. Invesco Ltd. boosted its holdings in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 3.4% during the second quarter. Invesco Ltd. now owns 1,518,509 shares of the financial services provider’s stock worth $21,062,000 after purchasing an additional 50,208 shares during the period. Gamco Investors INC. ET AL bought a new stake in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund in the second quarter worth about $455,000. Raymond James Financial Inc. grew its stake in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 0.3% in the second quarter. Raymond James Financial Inc. now owns 984,979 shares of the financial services provider’s stock worth $13,662,000 after purchasing an additional 3,272 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 6.5% during the 2nd quarter. Bank of America Corp DE now owns 773,562 shares of the financial services provider’s stock valued at $10,729,000 after purchasing an additional 47,136 shares during the period.

About Eaton Vance Tax-Managed Buy-Write Opportunities Fund

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.