Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) To Go Ex-Dividend on October 15th

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) declared a monthly dividend on Thursday, October 1st. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.0651 per share on Friday, October 30th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date of this dividend is Thursday, October 15th.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Performance

Eaton Vance Risk-Managed Diversified Equity Income Fund stock opened at $8.14 on Friday. The company’s 50-day moving average price is $8.37 and its 200-day moving average price is $8.35. Eaton Vance Risk-Managed Diversified Equity Income Fund has a twelve month low of $7.88 and a twelve month high of $9.08.

Institutional Investors Weigh In On Eaton Vance Risk-Managed Diversified Equity Income Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ETJ. Baird Financial Group Inc. increased its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 3.4% during the 2nd quarter. Baird Financial Group Inc. now owns 36,296 shares of the company’s stock valued at $300,000 after purchasing an additional 1,195 shares during the last quarter. Ameritas Advisory Services LLC boosted its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 17.0% during the second quarter. Ameritas Advisory Services LLC now owns 16,878 shares of the company’s stock worth $140,000 after buying an additional 2,450 shares during the period. First Heartland Consultants Inc. boosted its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 3.1% during the second quarter. First Heartland Consultants Inc. now owns 129,146 shares of the company’s stock worth $1,068,000 after buying an additional 3,905 shares during the period. CoreCap Advisors LLC increased its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 39.8% during the second quarter. CoreCap Advisors LLC now owns 7,025 shares of the company’s stock valued at $58,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Western Wealth Management LLC increased its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 5.6% during the first quarter. Western Wealth Management LLC now owns 25,915 shares of the company’s stock valued at $212,000 after acquiring an additional 1,367 shares during the last quarter.

About Eaton Vance Risk-Managed Diversified Equity Income Fund

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE: ETJ) is a closed-end investment fund managed by Eaton Vance Management, a Morgan Stanley Investment Management affiliate. The fund seeks to provide current income and capital appreciation through a diversified portfolio of equity securities.

The fund primarily invests in common stocks of U.S. companies across multiple industries and uses an options-based strategy as part of its portfolio management. In particular, it may write call options on individual securities or equity indexes to generate income and help manage downside risk, although this approach can also limit some potential gains.

ETJ was established as part of Eaton Vance’s family of closed-end funds and is designed for investors seeking equity-market exposure combined with an income-oriented, risk-managed strategy.