Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) Shares Cross Above 50-Day Moving Average – Time to Sell?

Shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $14.90 and traded as high as $15.25. Eaton Vance Tax-Managed Buy-Write Opportunities Fund shares last traded at $15.2240, with a volume of 155,741 shares.

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

The business has a 50-day moving average of $14.92 and a 200 day moving average of $14.59.

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

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be issued a $0.0993 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%.

Institutional Investors Weigh In On Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Hedge funds have recently bought and sold shares of the business. Jane Street Group LLC purchased a new position in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund in the 1st quarter worth $152,000. Invesco Ltd. grew its position in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 3.4% in the second quarter. Invesco Ltd. now owns 1,518,509 shares of the financial services provider’s stock worth $21,062,000 after acquiring an additional 50,208 shares in the last quarter. Gamco Investors INC. ET AL purchased a new position in Eaton Vance Tax-Managed Buy-Write Opportunities Fund in the second quarter worth about $455,000. Raymond James Financial Inc. increased its stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 0.3% during the second quarter. Raymond James Financial Inc. now owns 984,979 shares of the financial services provider’s stock worth $13,662,000 after acquiring an additional 3,272 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 6.5% during the second quarter. Bank of America Corp DE now owns 773,562 shares of the financial services provider’s stock worth $10,729,000 after acquiring an additional 47,136 shares during the last quarter.

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.