Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Stock Price Up 0.2% – Time to Buy?

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ)’s stock price rose 0.2% during trading on Wednesday . The company traded as high as $8.24 and last traded at $8.1850. Approximately 120,677 shares traded hands during trading, a decline of 28% from the average daily volume of 167,591 shares. The stock had previously closed at $8.17.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Performance

The firm has a 50-day moving average price of $8.64 and a 200 day moving average price of $8.78.

Eaton Vance Risk-Managed Diversified Equity Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a dividend of $0.0651 per share. This represents a c) dividend on an annualized basis and a yield of 9.9%. The ex-dividend date is Monday, March 16th.

Institutional Trading of Eaton Vance Risk-Managed Diversified Equity Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of ETJ. World Investment Advisors purchased a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund in the fourth quarter valued at approximately $100,000. Harbour Wealth Management Group Inc. purchased a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund during the 4th quarter worth approximately $201,000. Readystate Asset Management LP lifted its holdings in Eaton Vance Risk-Managed Diversified Equity Income Fund by 28.6% during the 4th quarter. Readystate Asset Management LP now owns 134,063 shares of the company’s stock worth $1,182,000 after buying an additional 29,821 shares in the last quarter. Boothbay Fund Management LLC acquired a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund during the 4th quarter worth approximately $604,000. Finally, Guggenheim Capital LLC boosted its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 20.4% in the 4th quarter. Guggenheim Capital LLC now owns 1,088,860 shares of the company’s stock valued at $9,604,000 after buying an additional 184,721 shares during the period.

About Eaton Vance Risk-Managed Diversified Equity Income Fund

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE: ETJ) is a closed-end management investment company launched in November 2008 and managed by Eaton Vance Advisors, a subsidiary of Morgan Stanley. The fund’s primary objective is to provide a high level of monthly distributable income with an element of capital preservation. It seeks to achieve this through a diversified portfolio of equity securities combined with a systematic option overlay strategy.

The core equity allocation is invested primarily in dividend-paying common stocks of large- and mid-cap companies across a range of sectors, including financials, technology, industrials and consumer staples.