Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Shares Down 0.6%

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) shares were down 0.6% during trading on Wednesday . The company traded as low as $17.77 and last traded at $17.80. Approximately 69,262 shares were traded during trading, a decline of 14% from the average daily volume of 80,815 shares. The stock had previously closed at $17.91.

Eaton Vance Enhanced Equity Income Fund Stock Performance

The business has a 50 day moving average price of $18.12 and a 200 day moving average price of $16.82.

Eaton Vance Enhanced Equity Income Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 23rd will be paid a dividend of $0.134 per share. This is a boost from Eaton Vance Enhanced Equity Income Fund’s previous monthly dividend of $0.11. The ex-dividend date is Monday, April 22nd. This represents a $1.61 dividend on an annualized basis and a dividend yield of 9.03%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Register Financial Advisors LLC bought a new position in Eaton Vance Enhanced Equity Income Fund in the first quarter worth approximately $128,000. Sunbelt Securities Inc. grew its stake in Eaton Vance Enhanced Equity Income Fund by 32.2% in the first quarter. Sunbelt Securities Inc. now owns 2,338 shares of the company’s stock worth $43,000 after purchasing an additional 570 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in Eaton Vance Enhanced Equity Income Fund in the fourth quarter worth approximately $399,000. Flow State Investments L.P. bought a new position in Eaton Vance Enhanced Equity Income Fund in the fourth quarter worth approximately $382,000. Finally, Cambridge Investment Research Advisors Inc. grew its stake in Eaton Vance Enhanced Equity Income Fund by 3.9% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 446,859 shares of the company’s stock worth $7,409,000 after purchasing an additional 16,696 shares in the last quarter.

Eaton Vance Enhanced Equity Income Fund Company Profile

Eaton Vance Enhanced 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 seeks to invest in stocks of companies operating across diversified sectors. The fund invests in the stocks of large-cap and mid-cap companies with a focus on investing in companies with above average growth and financial condition against valuation in selecting individual securities.