Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Stock Falls 0.4% – Here’s What Happened

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) dropped 0.4% on Monday. The company traded as low as $7.81 and last traded at $7.8350. Approximately 140,059 shares changed hands during trading, a decline of 6% from the average session volume of 148,515 shares. The stock had previously closed at $7.87.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Up 1.2%

The firm has a 50 day simple moving average of $8.17 and a 200-day simple moving average of $8.39.

Eaton Vance Risk-Managed Diversified Equity Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be issued a dividend of $0.0651 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 9.8%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Baird Financial Group Inc. raised its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 3.4% in the second quarter. Baird Financial Group Inc. now owns 36,296 shares of the company’s stock valued at $300,000 after acquiring an additional 1,195 shares in the last quarter. Western Wealth Management LLC boosted its holdings in Eaton Vance Risk-Managed Diversified Equity Income Fund by 5.6% in the first quarter. Western Wealth Management LLC now owns 25,915 shares of the company’s stock valued at $212,000 after purchasing an additional 1,367 shares during the period. PMG Family Office LLC grew its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 1.5% during the 3rd quarter. PMG Family Office LLC now owns 110,165 shares of the company’s stock worth $900,000 after purchasing an additional 1,610 shares in the last quarter. Arlington Capital Management Inc. grew its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 5.1% during the 1st quarter. Arlington Capital Management Inc. now owns 35,843 shares of the company’s stock worth $293,000 after purchasing an additional 1,725 shares in the last quarter. Finally, CoreCap Advisors LLC grew its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 39.8% during the 2nd quarter. CoreCap Advisors LLC now owns 7,025 shares of the company’s stock worth $58,000 after purchasing an additional 2,000 shares in the last quarter.

Eaton Vance Risk-Managed Diversified Equity Income Fund Company Profile

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE: ETJ) is a closed-end investment fund managed by Eaton Vance Management, an investment management firm that is part of Morgan Stanley. The fund seeks to provide current income and capital appreciation by investing primarily in a diversified portfolio of equity securities.

ETJ uses an options-based, risk-managed strategy in conjunction with its equity investments. Its portfolio may include written call options and purchased put options, with the goal of generating income while helping to manage downside risk during periods of market volatility.