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

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $9.49 and traded as high as $9.83. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund shares last traded at $9.8050, with a volume of 303,414 shares changing hands.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Stock Up 0.5%

The company has a 50-day moving average price of $9.49 and a two-hundred day moving average price of $9.34.

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

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be given a dividend of $0.0664 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) annualized dividend and a yield of 8.1%.

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

A number of institutional investors and hedge funds have recently bought and sold shares of ETW. 1607 Capital Partners LLC lifted its holdings in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 262.3% in the 4th quarter. 1607 Capital Partners LLC now owns 1,452,913 shares of the company’s stock worth $13,396,000 after buying an additional 1,051,879 shares in the last quarter. Closed End Fund Advisors Inc. purchased a new position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund in the 4th quarter valued at about $526,000. Blue Bell Private Wealth Management LLC grew its stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 127.1% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 35,400 shares of the company’s stock valued at $326,000 after acquiring an additional 19,813 shares in the last quarter. Harbour Investments Inc. grew its stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 25.1% during the fourth quarter. Harbour Investments Inc. now owns 19,271 shares of the company’s stock valued at $178,000 after acquiring an additional 3,863 shares in the last quarter. Finally, Blue Water Asset Management acquired a new stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the fourth quarter valued at about $102,000.

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.