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

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $9.45 and traded as low as $9.39. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund shares last traded at $9.4150, with a volume of 169,083 shares changing hands.

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

The stock has a fifty day simple moving average of $9.45 and a two-hundred day simple moving average of $9.31.

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

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a $0.0664 dividend. This represents a c) annualized dividend and a dividend yield of 8.5%. The ex-dividend date of this dividend is Wednesday, July 15th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Genesis Financial Group LLC raised its position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 2.7% in the first quarter. Genesis Financial Group LLC now owns 44,542 shares of the company’s stock worth $391,000 after acquiring an additional 1,161 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 1.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 104,528 shares of the company’s stock worth $964,000 after purchasing an additional 1,300 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 2.1% during the 3rd quarter. NewEdge Advisors LLC now owns 69,237 shares of the company’s stock worth $627,000 after purchasing an additional 1,392 shares in the last quarter. IHT Wealth Management LLC grew its stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 17.6% during the 2nd quarter. IHT Wealth Management LLC now owns 12,210 shares of the company’s stock worth $106,000 after purchasing an additional 1,824 shares during the period. Finally, Roman Butler Fullerton & Co. grew its stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 0.9% during the 1st quarter. Roman Butler Fullerton & Co. now owns 214,889 shares of the company’s stock worth $1,962,000 after purchasing an additional 1,985 shares during the period.

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.