Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) Stock Passes Above 50-Day Moving Average – Should You Sell?

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $14.86 and traded as high as $15.23. Eaton Vance Tax-Managed Buy-Write Opportunities Fund shares last traded at $15.22, with a volume of 167,546 shares.

Eaton Vance Tax-Managed Buy-Write Opportunities Fund Price Performance

The firm has a 50-day moving average price of $14.86 and a 200 day moving average price of $14.56.

Eaton Vance Tax-Managed Buy-Write Opportunities Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be issued a $0.0993 dividend. This represents a c) dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend is Friday, August 14th.

Institutional Trading of Eaton Vance Tax-Managed Buy-Write Opportunities Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. HBK Sorce Advisory LLC lifted its position in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 2.7% in the 4th quarter. HBK Sorce Advisory LLC now owns 26,747 shares of the financial services provider’s stock valued at $392,000 after acquiring an additional 700 shares in the last quarter. WCG Wealth Advisors LLC raised its stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 2.0% during the 3rd quarter. WCG Wealth Advisors LLC now owns 45,360 shares of the financial services provider’s stock valued at $646,000 after purchasing an additional 884 shares during the period. Stifel Financial Corp lifted its holdings in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 1.2% in the fourth quarter. Stifel Financial Corp now owns 76,451 shares of the financial services provider’s stock valued at $1,098,000 after purchasing an additional 899 shares in the last quarter. Mutual Advisors LLC boosted its position in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 1.0% in the fourth quarter. Mutual Advisors LLC now owns 109,361 shares of the financial services provider’s stock worth $1,570,000 after buying an additional 1,053 shares during the period. Finally, American Institute for Advanced Investment Management LLP grew its holdings in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 4.0% during the first quarter. American Institute for Advanced Investment Management LLP now owns 28,770 shares of the financial services provider’s stock valued at $422,000 after buying an additional 1,100 shares in the last quarter.

Eaton Vance Tax-Managed Buy-Write Opportunities Fund Company Profile

The Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV) is a closed-end management investment company that seeks to provide a high level of current income and capital appreciation while seeking to manage the tax consequences of fund distributions. The fund employs a buy-write, or covered call, strategy on a portfolio of primarily large-cap U.S. equities to generate option premium income and to potentially enhance overall total returns. Equity holdings are selected based on fundamental analysis, with an emphasis on high-quality issuers across various sectors.

In constructing its portfolio, ETV integrates a systematic options overlay designed to capture premiums from writing call options on the underlying stock positions.