Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) Stock Crosses Above 50-Day Moving Average – Should You Sell?

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $9.36 and traded as high as $9.48. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund shares last traded at $9.4550, with a volume of 190,124 shares traded.

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

The stock has a 50-day simple moving average of $9.36 and a 200 day simple moving average of $9.25.

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

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.0664 per share. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.4%.

Hedge Funds Weigh In On Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

Several hedge funds have recently added to or reduced their stakes in the company. Guggenheim Capital LLC raised its holdings in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 8.5% during the 4th quarter. Guggenheim Capital LLC now owns 2,296,545 shares of the company’s stock worth $21,174,000 after purchasing an additional 180,608 shares during the last quarter. Bank of America Corp DE lifted its position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 0.3% during the 3rd quarter. Bank of America Corp DE now owns 2,294,849 shares of the company’s stock valued at $20,768,000 after purchasing an additional 6,196 shares during the period. Invesco Ltd. boosted its stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 6.1% in the 3rd quarter. Invesco Ltd. now owns 1,663,673 shares of the company’s stock valued at $15,056,000 after purchasing an additional 95,205 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 1.7% in the 2nd quarter. Raymond James Financial Inc. now owns 1,544,773 shares of the company’s stock valued at $13,362,000 after purchasing an additional 25,209 shares during the last quarter. Finally, 1607 Capital Partners LLC boosted its stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 262.3% in the 4th quarter. 1607 Capital Partners LLC now owns 1,452,913 shares of the company’s stock valued at $13,396,000 after purchasing an additional 1,051,879 shares during the last quarter.

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.