Eaton Vance Enhanced Equity Income Fund II (NYSEARCA:EOS) Shares Down 2.2% – Should You Sell?

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

Eaton Vance Enhanced Equity Income Fund II Trading Up 0.1%

The firm has a fifty day simple moving average of $22.11 and a 200 day simple moving average of $22.00.

Eaton Vance Enhanced Equity Income Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be given a dividend of $0.1523 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 8.6%.

Institutional Investors Weigh In On Eaton Vance Enhanced Equity Income Fund II

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE raised its position in shares of Eaton Vance Enhanced Equity Income Fund II by 0.6% during the second quarter. Bank of America Corp DE now owns 1,378,577 shares of the company’s stock valued at $33,375,000 after buying an additional 8,681 shares during the last quarter. Guggenheim Capital LLC grew its holdings in shares of Eaton Vance Enhanced Equity Income Fund II by 3.7% during the 4th quarter. Guggenheim Capital LLC now owns 791,908 shares of the company’s stock worth $18,539,000 after purchasing an additional 28,169 shares in the last quarter. Invesco Ltd. increased its position in shares of Eaton Vance Enhanced Equity Income Fund II by 27.9% during 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 period. Wells Fargo & Company MN increased its position in shares of Eaton Vance Enhanced Equity Income Fund II by 5.1% during the fourth quarter. Wells Fargo & Company MN now owns 719,341 shares of the company’s stock valued at $16,840,000 after purchasing an additional 35,033 shares during the period. Finally, Raymond James Financial Inc. raised its stake in shares of Eaton Vance Enhanced Equity Income Fund II by 2.9% in the third quarter. Raymond James Financial Inc. now owns 670,344 shares of the company’s stock valued at $16,041,000 after purchasing an additional 18,692 shares in the last quarter.

Eaton Vance Enhanced Equity Income Fund II Company Profile

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.