Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) Shares Cross Above Fifty Day Moving Average – Here’s Why

Shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $14.80 and traded as high as $15.03. Eaton Vance Tax-Managed Buy-Write Opportunities Fund shares last traded at $14.9510, with a volume of 110,394 shares changing hands.

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

The stock’s 50 day moving average price is $14.80 and its two-hundred day moving average price is $14.52.

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

The business also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders 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 8.0%. The ex-dividend date is Wednesday, July 15th.

Hedge Funds Weigh In On Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Several hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers lifted its position in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 181.9% in the first quarter. Cetera Investment Advisers now owns 340,066 shares of the financial services provider’s stock valued at $4,649,000 after acquiring an additional 219,413 shares in the last quarter. Wolverine Asset Management LLC boosted its stake in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 169.3% during the fourth quarter. Wolverine Asset Management LLC now owns 333,559 shares of the financial services provider’s stock valued at $4,790,000 after acquiring an additional 209,679 shares during the last quarter. Readystate Asset Management LP increased its position in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 386.4% during the 4th quarter. Readystate Asset Management LP now owns 229,639 shares of the financial services provider’s stock worth $3,298,000 after purchasing an additional 182,423 shares in the last quarter. Emissary Wealth LLC purchased a new stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund during the 4th quarter worth about $2,418,000. Finally, Guggenheim Capital LLC raised its stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 8.2% in the 4th quarter. Guggenheim Capital LLC now owns 1,305,364 shares of the financial services provider’s stock valued at $18,745,000 after purchasing an additional 98,454 shares during the last quarter.

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.