Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) Stock Passes Below 50 Day Moving Average – Time to Sell?

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $8.50 and traded as low as $8.30. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund shares last traded at $8.34, with a volume of 216,650 shares trading hands.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Trading Down 0.3 %

The company has a 50-day moving average price of $8.50 and a 200-day moving average price of $8.51.

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

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.0664 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.80 annualized dividend and a dividend yield of 9.56%.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Investment Planning Advisors Inc. boosted its position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 0.7% during the fourth quarter. Investment Planning Advisors Inc. now owns 184,303 shares of the company’s stock worth $1,552,000 after buying an additional 1,246 shares during the period. Integrated Capital Management Inc. boosted its position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 6.1% during the fourth quarter. Integrated Capital Management Inc. now owns 30,517 shares of the company’s stock worth $257,000 after buying an additional 1,750 shares during the period. Flagship Harbor Advisors LLC boosted its position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 0.4% during the fourth quarter. Flagship Harbor Advisors LLC now owns 577,856 shares of the company’s stock worth $4,866,000 after buying an additional 2,030 shares during the period. Harbour Investments Inc. boosted its position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 17.0% during the fourth quarter. Harbour Investments Inc. now owns 15,331 shares of the company’s stock worth $129,000 after buying an additional 2,224 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 7.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 32,050 shares of the company’s stock worth $270,000 after buying an additional 2,245 shares during the period.

About Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. It is co-managed by Parametric Portfolio Associates LLC. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors.