Eaton Vance Enhanced Equity Income Fund II (EOS) to Issue Monthly Dividend of $0.15 on May 29th

Eaton Vance Enhanced Equity Income Fund II (NYSEARCA:EOS) announced a monthly dividend on Friday, May 1st. Shareholders of record on Friday, May 15th will be given a dividend of 0.1523 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date is Friday, May 15th.

Eaton Vance Enhanced Equity Income Fund II Price Performance

Shares of Eaton Vance Enhanced Equity Income Fund II stock traded up $0.11 during trading on Wednesday, reaching $22.57. 20,620 shares of the company’s stock were exchanged, compared to its average volume of 133,418. The firm’s 50-day moving average price is $21.51 and its 200 day moving average price is $22.31. Eaton Vance Enhanced Equity Income Fund II has a 1-year low of $19.44 and a 1-year high of $24.49.

Institutional Trading of Eaton Vance Enhanced Equity Income Fund II

A number of hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. raised its holdings in Eaton Vance Enhanced Equity Income Fund II by 44.2% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,761 shares of the company’s stock worth $43,000 after purchasing an additional 540 shares during the last quarter. Parallel Advisors LLC purchased a new position in shares of Eaton Vance Enhanced Equity Income Fund II during the first quarter valued at approximately $41,000. Karpus Management Inc. bought a new position in shares of Eaton Vance Enhanced Equity Income Fund II during the fourth quarter valued at about $52,000. Farther Finance Advisors LLC boosted its stake in shares of Eaton Vance Enhanced Equity Income Fund II by 1,415.1% in the 4th quarter. Farther Finance Advisors LLC now owns 2,515 shares of the company’s stock worth $59,000 after buying an additional 2,349 shares during the last quarter. Finally, Bessemer Group Inc. bought a new position in shares of Eaton Vance Enhanced Equity Income Fund II in the third quarter valued at approximately $84,000.

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.