Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Shares Up 0.3% – Time to Buy?

Shares of Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) shot up 0.3% during trading on Tuesday . The stock traded as high as $19.75 and last traded at $19.6750. 153,939 shares traded hands during trading, an increase of 114% from the average session volume of 71,776 shares. The stock had previously closed at $19.61.

Eaton Vance Enhanced Equity Income Fund Price Performance

The business’s fifty day moving average price is $20.51 and its two-hundred day moving average price is $20.65.

Eaton Vance Enhanced Equity Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be paid a $0.1338 dividend. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date is Friday, November 14th.

Institutional Trading of Eaton Vance Enhanced Equity Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in EOI. Wolverine Asset Management LLC purchased a new position in Eaton Vance Enhanced Equity Income Fund during the 3rd quarter worth $85,000. JPMorgan Chase & Co. raised its stake in Eaton Vance Enhanced Equity Income Fund by 15.7% in the third quarter. JPMorgan Chase & Co. now owns 4,428 shares of the company’s stock valued at $93,000 after buying an additional 600 shares during the last quarter. Elequin Capital LP boosted its holdings in Eaton Vance Enhanced Equity Income Fund by 18.1% in the first quarter. Elequin Capital LP now owns 5,514 shares of the company’s stock worth $103,000 after acquiring an additional 845 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Eaton Vance Enhanced Equity Income Fund by 127.6% during the second quarter. Geneos Wealth Management Inc. now owns 5,772 shares of the company’s stock worth $121,000 after acquiring an additional 3,236 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Eaton Vance Enhanced Equity Income Fund by 28.1% during the first quarter. PNC Financial Services Group Inc. now owns 7,531 shares of the company’s stock worth $141,000 after acquiring an additional 1,650 shares during the last quarter.

Eaton Vance Enhanced Equity Income Fund Company Profile

Eaton Vance Enhanced Equity Income Fund is a closed ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund invests in the stocks of large-cap and mid-cap companies with a focus on investing in companies with above average growth and financial condition against valuation in selecting individual securities.