Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) Shares Pass Above 50-Day Moving Average – Here’s Why

Shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $9.39 and traded as high as $9.61. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund shares last traded at $9.5750, with a volume of 265,863 shares trading hands.

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

The stock’s 50-day moving average is $9.39 and its 200 day moving average is $9.27.

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

The firm also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $0.0664 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%.

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

Several institutional investors and hedge funds have recently modified their holdings of ETW. Royal Bank of Canada increased its stake in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 18.4% during the 1st quarter. Royal Bank of Canada now owns 870,232 shares of the company’s stock worth $7,179,000 after purchasing an additional 135,192 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund in the first quarter valued at approximately $109,000. Gamco Investors INC. ET AL acquired a new position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund in the second quarter valued at approximately $268,000. Cerity Partners LLC bought a new stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the second quarter worth $168,000. Finally, Raymond James Financial Inc. increased its position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 1.7% during the second quarter. Raymond James Financial Inc. now owns 1,544,773 shares of the company’s stock worth $13,362,000 after acquiring an additional 25,209 shares in the last quarter.

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 management investment company that seeks to provide a high level of current income consistent with the preservation of capital and to achieve capital appreciation. The fund pursues its objectives by investing primarily in a diversified portfolio of U.S. and foreign equity securities, and by employing a buy-write strategy in which it writes (sells) call options on portions of its equity holdings. This option writing is designed to generate additional income and to potentially mitigate portfolio volatility.

The fund’s underlying equity investments span a broad range of sectors and geographic regions, including developed and emerging markets in North America, Europe, Asia and other regions.