Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) Stock Price Passes Below 50-Day Moving Average – What’s Next?

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $9.28 and traded as low as $8.64. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund shares last traded at $8.6650, with a volume of 389,364 shares changing hands.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Stock Down 1.9%

The business’s 50 day moving average is $9.28 and its 200-day moving average is $9.15.

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

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a dividend of $0.0664 per share. This represents a c) annualized dividend and a yield of 9.2%. The ex-dividend date of this dividend is Monday, March 16th.

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

A number of institutional investors have recently modified their holdings of the stock. 1607 Capital Partners LLC lifted its position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 262.3% during the fourth quarter. 1607 Capital Partners LLC now owns 1,452,913 shares of the company’s stock worth $13,396,000 after purchasing an additional 1,051,879 shares during the last quarter. Saba Capital Management L.P. raised its stake in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 2,821.6% during the fourth quarter. Saba Capital Management L.P. now owns 438,995 shares of the company’s stock valued at $4,048,000 after buying an additional 423,969 shares in the last quarter. Wolverine Asset Management LLC lifted its holdings in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 685.2% during the 4th quarter. Wolverine Asset Management LLC now owns 259,302 shares of the company’s stock worth $2,391,000 after buying an additional 226,278 shares during the last quarter. Guggenheim Capital LLC grew its position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 10.9% in the 2nd quarter. Guggenheim Capital LLC now owns 2,043,650 shares of the company’s stock worth $17,678,000 after acquiring an additional 200,480 shares in the last quarter. Finally, Osaic Holdings Inc. increased its holdings in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 62.4% in the 2nd quarter. Osaic Holdings Inc. now owns 389,308 shares of the company’s stock valued at $3,368,000 after acquiring an additional 149,625 shares during 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.