Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) Shares Cross Above 50 Day Moving Average – What’s Next?

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $9.55 and traded as high as $9.83. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund shares last traded at $9.7850, with a volume of 245,965 shares trading hands.

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

The business has a 50 day moving average price of $9.57 and a 200 day moving average price of $9.36.

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

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be issued a $0.0664 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 8.1%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its holdings in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 18.4% during the first quarter. Royal Bank of Canada now owns 870,232 shares of the company’s stock worth $7,179,000 after buying an additional 135,192 shares during the last quarter. Jane Street Group LLC bought a new position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the first quarter worth $109,000. Gamco Investors INC. ET AL acquired a new position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the 2nd quarter valued at $268,000. Cerity Partners LLC acquired a new position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the 2nd quarter valued at $168,000. Finally, Raymond James Financial Inc. boosted its holdings in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 1.7% in the 2nd quarter. Raymond James Financial Inc. now owns 1,544,773 shares of the company’s stock valued at $13,362,000 after purchasing an additional 25,209 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.