Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $9.30 and traded as low as $9.22. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund shares last traded at $9.2250, with a volume of 172,406 shares.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Trading Up 0.4%

The stock’s 50-day simple moving average is $9.32 and its two-hundred day simple moving average is $9.24.

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

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.0664 per share. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 8.5%.

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

Large investors have recently added to or reduced their stakes in the stock. US Bancorp DE raised its position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 350.0% during the third quarter. US Bancorp DE now owns 4,500 shares of the company’s stock worth $41,000 after acquiring an additional 3,500 shares during the period. CWM LLC acquired a new position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the fourth quarter worth $46,000. Barrett & Company Inc. raised its position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 193.3% during the fourth quarter. Barrett & Company Inc. now owns 6,600 shares of the company’s stock worth $62,000 after acquiring an additional 4,350 shares during the period. CoreCap Advisors LLC raised its position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 608.7% during the fourth quarter. CoreCap Advisors LLC now owns 8,150 shares of the company’s stock worth $75,000 after acquiring an additional 7,000 shares during the period. Finally, Advisory Services Network LLC acquired a new position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the third quarter worth $75,000.

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.