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

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $14.49 and traded as high as $14.55. Eaton Vance Tax-Managed Buy-Write Opportunities Fund shares last traded at $14.5160, with a volume of 191,720 shares.

Eaton Vance Tax-Managed Buy-Write Opportunities Fund Trading Down 0.6%

The firm’s fifty day simple moving average is $14.49 and its two-hundred day simple moving average is $14.28.

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

The company also recently announced a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be issued a $0.0993 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a c) annualized dividend and a yield of 8.2%.

Hedge Funds Weigh In On Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Several large investors have recently made changes to their positions in ETV. Newbridge Financial Services Group Inc. purchased a new stake in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund during the second quarter worth about $33,000. CoreCap Advisors LLC lifted its holdings in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 69.2% in the 4th quarter. CoreCap Advisors LLC now owns 2,446 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 1,000 shares in the last quarter. CENTRAL TRUST Co bought a new position in Eaton Vance Tax-Managed Buy-Write Opportunities Fund in the 4th quarter worth approximately $36,000. Barrett & Company Inc. grew its holdings in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 44.0% during the 3rd quarter. Barrett & Company Inc. now owns 3,600 shares of the financial services provider’s stock valued at $51,000 after buying an additional 1,100 shares in the last quarter. Finally, Motco purchased a new stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund during the 2nd quarter valued at approximately $69,000.

About Eaton Vance Tax-Managed Buy-Write Opportunities Fund

The Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV) is a closed-end management investment company that seeks to provide a high level of current income and capital appreciation while seeking to manage the tax consequences of fund distributions. The fund employs a buy-write, or covered call, strategy on a portfolio of primarily large-cap U.S. equities to generate option premium income and to potentially enhance overall total returns. Equity holdings are selected based on fundamental analysis, with an emphasis on high-quality issuers across various sectors.

In constructing its portfolio, ETV integrates a systematic options overlay designed to capture premiums from writing call options on the underlying stock positions.