Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Stock Price Down 0.1% – Here’s What Happened

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ)’s stock price dropped 0.1% on Tuesday . The company traded as low as $8.18 and last traded at $8.21. Approximately 86,488 shares changed hands during trading, a decline of 44% from the average session volume of 155,604 shares. The stock had previously closed at $8.22.

Eaton Vance Risk-Managed Diversified Equity Income Fund Price Performance

The company’s 50-day moving average price is $8.39 and its 200-day moving average price is $8.55.

Eaton Vance Risk-Managed Diversified Equity Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.0651 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 9.7%.

Institutional Investors Weigh In On Eaton Vance Risk-Managed Diversified Equity Income Fund

Large investors have recently bought and sold shares of the company. Western Wealth Management LLC raised its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 5.6% during the first quarter. Western Wealth Management LLC now owns 25,915 shares of the company’s stock valued at $212,000 after acquiring an additional 1,367 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 3.7% in the first quarter. Royal Bank of Canada now owns 116,319 shares of the company’s stock worth $951,000 after acquiring an additional 4,183 shares during the last quarter. Gateway Wealth Partners LLC acquired a new stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund in the first quarter worth approximately $98,000. Independent Financial Group LLC purchased a new stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the first quarter worth approximately $712,000. Finally, Calamos Advisors LLC increased its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 13.5% during the first quarter. Calamos Advisors LLC now owns 133,982 shares of the company’s stock worth $1,095,000 after purchasing an additional 15,950 shares in the last quarter.

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.