Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW)’s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $8.55 and traded as low as $8.42. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund shares last traded at $8.54, with a volume of 173,174 shares changing hands.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Stock Performance

The stock’s fifty day moving average price is $8.55 and its two-hundred day moving average price is $8.41.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be given a dividend of $0.0664 per share. The ex-dividend date is Monday, December 23rd. This represents a $0.80 annualized dividend and a dividend yield of 9.33%.

Institutional Investors Weigh In On Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

Hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. boosted its holdings in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 1.8% during the 3rd quarter. Franklin Resources Inc. now owns 252,912 shares of the company’s stock valued at $2,195,000 after acquiring an additional 4,472 shares in the last quarter. Stifel Financial Corp increased its position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 14.8% in the 3rd quarter. Stifel Financial Corp now owns 56,153 shares of the company’s stock valued at $487,000 after acquiring an additional 7,242 shares during the period. HighTower Advisors LLC increased its holdings in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 6.3% in the third quarter. HighTower Advisors LLC now owns 79,655 shares of the company’s stock valued at $691,000 after purchasing an additional 4,705 shares during the period. L.M. Kohn & Company bought a new position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the 3rd quarter worth $125,000. Finally, Walleye Capital LLC acquired a new position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the 3rd quarter worth about $342,000.

About Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. It is co-managed by Parametric Portfolio Associates LLC. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors.