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) 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.

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

The business’s 50 day moving average price is $9.36 and its 200-day moving average price is $9.25.

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

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

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

Several institutional investors have recently bought and sold shares of ETW. Royal Bank of Canada grew its holdings in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 18.4% during the first quarter. Royal Bank of Canada now owns 870,232 shares of the company’s stock worth $7,179,000 after purchasing an additional 135,192 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund in the first quarter valued at about $109,000. Gamco Investors INC. ET AL acquired a new position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the 2nd quarter worth about $268,000. Cerity Partners LLC acquired a new position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the 2nd quarter worth about $168,000. Finally, Raymond James Financial Inc. lifted its position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 1.7% during the 2nd quarter. Raymond James Financial Inc. now owns 1,544,773 shares of the company’s stock worth $13,362,000 after buying an additional 25,209 shares in 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.