Eaton Vance Enhanced Equity Income Fund II (NYSEARCA:EOS) Trading Down 2.2% – Here’s What Happened

Eaton Vance Enhanced Equity Income Fund II (NYSEARCA:EOS)’s stock price was down 2.2% during mid-day trading on Thursday . The stock traded as low as $21.26 and last traded at $21.33. Approximately 228,543 shares traded hands during mid-day trading, an increase of 79% from the average session volume of 127,974 shares. The stock had previously closed at $21.80.

Eaton Vance Enhanced Equity Income Fund II Price Performance

The stock has a 50-day moving average price of $22.13 and a 200-day moving average price of $22.00.

Eaton Vance Enhanced Equity Income Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be paid a $0.1523 dividend. This represents a c) dividend on an annualized basis and a yield of 8.6%. The ex-dividend date is Wednesday, July 15th.

Hedge Funds Weigh In On Eaton Vance Enhanced Equity Income Fund II

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. increased its holdings in shares of Eaton Vance Enhanced Equity Income Fund II by 27.9% in the fourth quarter. Invesco Ltd. now owns 728,817 shares of the company’s stock valued at $17,062,000 after purchasing an additional 159,111 shares during the last quarter. Wolverine Asset Management LLC raised its position in shares of Eaton Vance Enhanced Equity Income Fund II by 299.4% in the fourth quarter. Wolverine Asset Management LLC now owns 162,779 shares of the company’s stock valued at $3,811,000 after purchasing an additional 122,021 shares during the period. Fund Advisors of America Inc FL bought a new position in shares of Eaton Vance Enhanced Equity Income Fund II in the fourth quarter valued at about $2,541,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Eaton Vance Enhanced Equity Income Fund II during the 4th quarter worth about $2,398,000. Finally, 1607 Capital Partners LLC acquired a new stake in shares of Eaton Vance Enhanced Equity Income Fund II during the 4th quarter worth about $2,154,000.

About Eaton Vance Enhanced Equity Income Fund II

Eaton Vance Enhanced Equity Income Fund II is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in public equity markets of the United States. It seeks to invest in the stocks of companies operating across diversified sectors. The fund primarily invests in growth stocks of mid-cap and large-cap companies. It generates current earnings from option premiums by selling covered call options on a substantial portion of its portfolio. The fund benchmarks the performance of its portfolio against the Russell 1000 Growth Index, the CBOE S&P 500 BuyWrite Index, and the CBOE NASDAQ-100 BuyWrite Index.