Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) Stock Passes Above Fifty Day Moving Average – Time to Sell?

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $9.13 and traded as high as $9.53. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund shares last traded at $9.4450, with a volume of 344,093 shares.

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

The company has a 50 day moving average of $9.13 and a 200 day moving average of $9.17.

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

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be paid a dividend of $0.0664 per share. This represents a c) annualized dividend and a yield of 8.4%. The ex-dividend date of this dividend is Friday, May 15th.

Institutional Trading of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Integrated Capital Management Inc. raised its stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 27.4% in the 4th quarter. Integrated Capital Management Inc. now owns 46,097 shares of the company’s stock valued at $425,000 after purchasing an additional 9,916 shares during the period. PMG Family Office LLC acquired a new stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund in the 3rd quarter valued at about $690,000. OneDigital Investment Advisors LLC acquired a new stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund in the 3rd quarter valued at about $137,000. Oppenheimer & Co. Inc. raised its stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 24.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 46,013 shares of the company’s stock valued at $416,000 after purchasing an additional 9,020 shares during the period. Finally, Ameritas Advisory Services LLC raised its stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 19.1% in the 3rd quarter. Ameritas Advisory Services LLC now owns 11,302 shares of the company’s stock valued at $102,000 after purchasing an additional 1,813 shares during the period.

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.