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

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $14.45 and traded as high as $14.70. Eaton Vance Tax-Managed Buy-Write Opportunities Fund shares last traded at $14.60, with a volume of 77,461 shares changing hands.

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

The business’s fifty day moving average price is $14.45 and its two-hundred day moving average price is $14.40.

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

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.0993 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%.

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

A number of large investors have recently made changes to their positions in the stock. Axiom Investment Management LLC purchased a new stake in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund during the first quarter valued at $50,000. Bank of America Corp DE boosted its holdings in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 2.6% in the first quarter. Bank of America Corp DE now owns 719,814 shares of the financial services provider’s stock valued at $9,840,000 after purchasing an additional 18,451 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 181.9% in the first quarter. Cetera Investment Advisers now owns 340,066 shares of the financial services provider’s stock valued at $4,649,000 after purchasing an additional 219,413 shares during the last quarter. Spartan Wealth Advisory Services LLC purchased a new stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund in the first quarter valued at $569,000. Finally, Main Street Group LTD purchased a new stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund in the first quarter valued at $65,000.

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.