Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) Stock Price Breaks Below 200 Day Moving Average – What’s Next?

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) shares crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $9.42 and traded as low as $9.39. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund shares last traded at $9.4050, with a volume of 118,324 shares.

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

The stock has a 50-day moving average price of $9.52 and a 200-day moving average price of $9.42.

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

The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be given a dividend of $0.0748 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $0.90 dividend on an annualized basis and a yield of 9.5%. This is a boost from Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund’s previous monthly dividend of $0.0664.

Institutional Trading of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

Large investors have recently modified their holdings of the stock. Advisors Asset Management Inc. purchased a new position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund in the 3rd quarter worth approximately $9,034,000. Tyche Wealth Partners LLC increased its position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 17.2% during the third quarter. Tyche Wealth Partners LLC now owns 18,804 shares of the company’s stock valued at $179,000 after acquiring an additional 2,760 shares during the last quarter. HighTower Advisors LLC purchased a new stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the third quarter valued at approximately $2,234,000. Cornerstone Advisory LLC lifted its holdings in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 18.4% during the third quarter. Cornerstone Advisory LLC now owns 27,932 shares of the company’s stock worth $265,000 after acquiring an additional 4,335 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 58.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 27,314 shares of the company’s stock worth $259,000 after acquiring an additional 10,030 shares during the period.

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

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE: ETW) is a closed-end investment company that seeks to provide current income and gains while managing the tax characteristics of its distributions. The fund is managed by Eaton Vance Management and invests primarily in a diversified portfolio of global equity securities. To pursue its objectives, ETW uses a buy-write strategy, also known as a covered-call strategy. The fund generally writes call options on some of the stocks in its portfolio or on equity indexes, seeking to generate option premiums and supplement potential dividend income.