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

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $14.64 and traded as high as $14.65. Eaton Vance Tax-Managed Buy-Write Opportunities Fund shares last traded at $14.5570, with a volume of 140,300 shares trading hands.

Eaton Vance Tax-Managed Buy-Write Opportunities Fund Stock Down 0.0%

The company’s 50 day moving average is $14.64 and its 200 day moving average is $14.44.

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

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Axiom Investment Management LLC purchased a new position in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund during the first quarter valued at approximately $50,000. Bank of America Corp DE increased its position in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 2.6% during the 1st quarter. Bank of America Corp DE now owns 719,814 shares of the financial services provider’s stock worth $9,840,000 after purchasing an additional 18,451 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 181.9% in the 1st quarter. Cetera Investment Advisers now owns 340,066 shares of the financial services provider’s stock valued at $4,649,000 after acquiring an additional 219,413 shares during the period. Spartan Wealth Advisory Services LLC acquired a new position in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund during the first quarter worth about $569,000. Finally, Main Street Group LTD acquired a new stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund in the first quarter valued at approximately $65,000.

Eaton Vance Tax-Managed Buy-Write Opportunities Fund Company Profile

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.