Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Declares Dividend Increase – $0.07 Per Share

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) declared a monthly dividend on Monday, April 1st, Zacks reports. Stockholders of record on Tuesday, April 23rd will be paid a dividend of 0.065 per share on Tuesday, April 30th. This represents a $0.78 annualized dividend and a dividend yield of 9.49%. The ex-dividend date is Monday, April 22nd. This is a positive change from Eaton Vance Risk-Managed Diversified Equity Income Fund’s previous monthly dividend of $0.06.

Eaton Vance Risk-Managed Diversified Equity Income Fund has decreased its dividend by an average of 8.7% annually over the last three years.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Down 0.7 %

Shares of ETJ opened at $8.22 on Friday. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 12 month low of $7.20 and a 12 month high of $8.47. The firm’s 50 day moving average is $8.34 and its 200-day moving average is $8.00.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC increased its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 11.3% during the first quarter. NewEdge Advisors LLC now owns 49,172 shares of the company’s stock worth $383,000 after purchasing an additional 5,000 shares during the period. Cetera Advisor Networks LLC increased its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 98.4% in the first quarter. Cetera Advisor Networks LLC now owns 22,472 shares of the company’s stock valued at $222,000 after acquiring an additional 11,148 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 25.5% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 27,287 shares of the company’s stock valued at $205,000 after acquiring an additional 5,537 shares during the last quarter. JPMorgan Chase & Co. bought a new position in Eaton Vance Risk-Managed Diversified Equity Income Fund in the fourth quarter valued at approximately $165,000. Finally, Virtu Financial LLC bought a new position in Eaton Vance Risk-Managed Diversified Equity Income Fund in the fourth quarter valued at approximately $130,000.

About Eaton Vance Risk-Managed Diversified Equity Income Fund

Eaton Vance Risk-Managed Diversified Equity Income Fund is a closed ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in the public equity markets of the United States. It primarily invests in common stocks and purchases out-of-the-money, short-dated S&P 500 index put options and sells out-of-the-money S&P 500 Index call options of the same term as the put options with roll dates that are staggered across the options portfolio.