Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV)’s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $13.53 and traded as high as $13.90. Eaton Vance Tax-Managed Buy-Write Opportunities Fund shares last traded at $13.83, with a volume of 85,438 shares trading hands.

Eaton Vance Tax-Managed Buy-Write Opportunities Fund Stock Up 0.7 %

The company’s fifty day simple moving average is $13.54 and its 200-day simple moving average is $13.28.

Eaton Vance Tax-Managed Buy-Write Opportunities Fund Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 23rd will be paid a $0.099 dividend. This represents a $1.19 dividend on an annualized basis and a yield of 8.53%. The ex-dividend date is Wednesday, October 23rd.

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

Large investors have recently bought and sold shares of the stock. Summit Investment Advisory Services LLC purchased a new stake in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund during the third quarter valued at $224,000. Stableford Capital II LLC lifted its holdings in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 3.3% during the third quarter. Stableford Capital II LLC now owns 36,303 shares of the financial services provider’s stock worth $506,000 after purchasing an additional 1,150 shares during the period. NBC Securities Inc. boosted its position in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 15.1% in the third quarter. NBC Securities Inc. now owns 28,281 shares of the financial services provider’s stock valued at $390,000 after buying an additional 3,706 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Eaton Vance Tax-Managed Buy-Write Opportunities Fund in the 3rd quarter worth approximately $174,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund in the 2nd quarter valued at $256,000.

About Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Eaton Vance Tax-Managed Buy-Write Opportunities Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. It is co-managed by Parametric Portfolio Associates LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.