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

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $14.53 and traded as high as $14.73. Eaton Vance Tax-Managed Buy-Write Opportunities Fund shares last traded at $14.61, with a volume of 291,390 shares traded.

Eaton Vance Tax-Managed Buy-Write Opportunities Fund Stock Down 1.1%

The stock has a 50 day simple moving average of $14.53 and a 200 day simple moving average of $14.31.

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

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 17th were given a dividend of $0.0993 per share. The ex-dividend date was Tuesday, February 17th. This represents a c) dividend on an annualized basis and a yield of 8.2%.

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

A number of hedge funds have recently added to or reduced their stakes in ETV. Wolverine Asset Management LLC boosted its holdings in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 169.3% during the fourth quarter. Wolverine Asset Management LLC now owns 333,559 shares of the financial services provider’s stock valued at $4,790,000 after acquiring an additional 209,679 shares during the period. Readystate Asset Management LP boosted its stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 386.4% during the 4th quarter. Readystate Asset Management LP now owns 229,639 shares of the financial services provider’s stock valued at $3,298,000 after purchasing an additional 182,423 shares during the period. Emissary Wealth LLC bought a new position in Eaton Vance Tax-Managed Buy-Write Opportunities Fund in the 4th quarter worth about $2,418,000. Cornerstone Advisors LLC increased its stake in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 91.7% in the third quarter. Cornerstone Advisors LLC now owns 316,595 shares of the financial services provider’s stock valued at $4,511,000 after purchasing an additional 151,443 shares during the period. Finally, Shaker Financial Services LLC raised its holdings in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 175.8% during the second quarter. Shaker Financial Services LLC now owns 203,026 shares of the financial services provider’s stock valued at $2,816,000 after buying an additional 129,408 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.