Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) Stock Crosses Below Fifty Day Moving Average – Should You Sell?

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) crossed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $9.68 and traded as low as $9.38. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund shares last traded at $9.3950, with a volume of 176,617 shares trading hands.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Stock Down 0.5%

The business has a fifty day simple moving average of $9.68 and a two-hundred day simple moving average of $9.49.

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

The firm also recently announced a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be issued a dividend of $0.0664 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 8.5%.

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

Hedge funds have recently modified their holdings of the business. Genesis Financial Group LLC boosted its position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 2.7% during 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 during the last quarter. CoreCap Advisors LLC raised its holdings in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 44.4% in the 3rd quarter. CoreCap Advisors LLC now owns 4,550 shares of the company’s stock valued at $43,000 after acquiring an additional 1,400 shares during the last quarter. Roman Butler Fullerton & Co. raised its holdings in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 0.9% in the 1st quarter. Roman Butler Fullerton & Co. now owns 214,889 shares of the company’s stock valued at $1,962,000 after acquiring an additional 1,985 shares during the last quarter. PMG Family Office LLC raised its holdings in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 3.0% in the 1st quarter. PMG Family Office LLC now owns 71,056 shares of the company’s stock valued at $624,000 after acquiring an additional 2,098 shares during the last quarter. Finally, Integrated Capital Management Inc. lifted its stake in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 6.5% in the 3rd quarter. Integrated Capital Management Inc. now owns 41,972 shares of the company’s stock worth $399,000 after purchasing an additional 2,572 shares in the last quarter.

About Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol ETW. The fund seeks to provide total return through a combination of current income and capital appreciation while pursuing tax-managed investment strategies.

The fund invests primarily in a diversified portfolio of equity securities issued by companies around the world, including securities of companies based outside the United States. To generate income and manage portfolio exposure, it generally employs a buy-write strategy, writing call options on individual securities or equity indexes represented in its portfolio.

ETW is managed by Eaton Vance Management, an investment management firm that became part of Morgan Stanley Investment Management following Morgan Stanley’s acquisition of Eaton Vance in 2021.