Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Trading Down 0.1% – Here’s What Happened

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI)’s share price traded down 0.1% on Friday . The stock traded as low as $21.06 and last traded at $21.22. 45,264 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 82,044 shares. The stock had previously closed at $21.24.

Eaton Vance Enhanced Equity Income Fund Trading Down 0.1 %

The company has a 50 day moving average of $21.17 and a two-hundred day moving average of $20.15.

Eaton Vance Enhanced Equity Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.1338 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.61 annualized dividend and a dividend yield of 7.57%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Fortitude Family Office LLC acquired a new stake in Eaton Vance Enhanced Equity Income Fund during the 3rd quarter worth about $96,000. JPMorgan Chase & Co. increased its position in shares of Eaton Vance Enhanced Equity Income Fund by 100.7% in the third quarter. JPMorgan Chase & Co. now owns 6,200 shares of the company’s stock worth $125,000 after acquiring an additional 3,111 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in shares of Eaton Vance Enhanced Equity Income Fund by 239.5% during the second quarter. Sunbelt Securities Inc. now owns 7,938 shares of the company’s stock valued at $154,000 after acquiring an additional 5,600 shares during the period. Commons Capital LLC lifted its position in shares of Eaton Vance Enhanced Equity Income Fund by 10.9% in the 4th quarter. Commons Capital LLC now owns 14,286 shares of the company’s stock valued at $297,000 after acquiring an additional 1,404 shares in the last quarter. Finally, Atomi Financial Group Inc. boosted its stake in Eaton Vance Enhanced Equity Income Fund by 9.6% in the 3rd quarter. Atomi Financial Group Inc. now owns 21,861 shares of the company’s stock worth $442,000 after purchasing an additional 1,917 shares during the period.

About Eaton Vance Enhanced Equity Income Fund

Eaton Vance Enhanced Equity Income Fund is a closed ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund invests in the stocks of large-cap and mid-cap companies with a focus on investing in companies with above average growth and financial condition against valuation in selecting individual securities.