Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Stock Price Up 0.5% – Here’s Why

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) traded up 0.5% during trading on Tuesday . The company traded as high as $20.40 and last traded at $20.3850. 91,330 shares traded hands during trading, an increase of 15% from the average session volume of 79,321 shares. The stock had previously closed at $20.29.

Eaton Vance Enhanced Equity Income Fund Stock Performance

The firm has a 50 day moving average price of $20.08 and a two-hundred day moving average price of $20.64.

Eaton Vance Enhanced Equity Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a $0.1338 dividend. The ex-dividend date is Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 7.9%.

Institutional Trading of Eaton Vance Enhanced Equity Income Fund

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. grew its stake in Eaton Vance Enhanced Equity Income Fund by 15.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,428 shares of the company’s stock valued at $93,000 after buying an additional 600 shares in the last quarter. Truist Financial Corp lifted its position in shares of Eaton Vance Enhanced Equity Income Fund by 0.4% during the second quarter. Truist Financial Corp now owns 170,708 shares of the company’s stock worth $3,571,000 after acquiring an additional 676 shares in the last quarter. J.W. Cole Advisors Inc. boosted its holdings in shares of Eaton Vance Enhanced Equity Income Fund by 7.6% in the second quarter. J.W. Cole Advisors Inc. now owns 12,111 shares of the company’s stock worth $253,000 after acquiring an additional 857 shares during the period. Rockefeller Capital Management L.P. grew its position in shares of Eaton Vance Enhanced Equity Income Fund by 2.2% in the second quarter. Rockefeller Capital Management L.P. now owns 46,137 shares of the company’s stock valued at $965,000 after purchasing an additional 973 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of Eaton Vance Enhanced Equity Income Fund by 14.1% in the third quarter. Farther Finance Advisors LLC now owns 8,088 shares of the company’s stock valued at $170,000 after purchasing an additional 1,000 shares in the last quarter.

Eaton Vance Enhanced Equity Income Fund Company Profile

The Eaton Vance Enhanced Equity Income Fund (NYSE: EOI) is a closed-end management investment company that seeks to deliver a high level of current income, with a secondary objective of long-term capital appreciation. The fund invests primarily in dividend-paying common stocks of U.S. companies and may also hold preferred stocks and other equity securities. To enhance income potential, the fund employs a covered-call strategy by selling call options on a portion of its equity portfolio.

Under normal market conditions, the fund’s portfolio managers select large- and mid-capitalization equities with the potential for dividend growth and price appreciation.