Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Trading Down 0.2% – Here’s Why

Shares of Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) were down 0.2% during mid-day trading on Monday . The company traded as low as $19.90 and last traded at $20.06. Approximately 77,996 shares changed hands during mid-day trading, a decline of 7% from the average daily volume of 83,783 shares. The stock had previously closed at $20.10.

Eaton Vance Enhanced Equity Income Fund Stock Down 0.2%

The company’s fifty day simple moving average is $18.61 and its 200 day simple moving average is $20.07.

Eaton Vance Enhanced Equity Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be paid a $0.1338 dividend. This represents a $1.61 dividend on an annualized basis and a dividend yield of 8.00%. The ex-dividend date of this dividend is Thursday, May 15th.

Institutional Investors Weigh In On Eaton Vance Enhanced Equity Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Elequin Capital LP grew its stake in shares of Eaton Vance Enhanced Equity Income Fund by 18.1% in the 1st quarter. Elequin Capital LP now owns 5,514 shares of the company’s stock worth $103,000 after buying an additional 845 shares during the last quarter. TPG Advisors LLC grew its stake in shares of Eaton Vance Enhanced Equity Income Fund by 0.9% in the first quarter. TPG Advisors LLC now owns 98,242 shares of the company’s stock worth $1,843,000 after acquiring an additional 913 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Eaton Vance Enhanced Equity Income Fund by 16.6% during the fourth quarter. JPMorgan Chase & Co. now owns 7,231 shares of the company’s stock valued at $150,000 after acquiring an additional 1,031 shares in the last quarter. Guerra Pan Advisors LLC raised its position in shares of Eaton Vance Enhanced Equity Income Fund by 3.6% in the 4th quarter. Guerra Pan Advisors LLC now owns 36,206 shares of the company’s stock worth $752,000 after purchasing an additional 1,245 shares during the last quarter. Finally, Atomi Financial Group Inc. boosted its stake in Eaton Vance Enhanced Equity Income Fund by 6.0% in the 4th quarter. Atomi Financial Group Inc. now owns 23,168 shares of the company’s stock worth $481,000 after purchasing an additional 1,307 shares in the last quarter.

Eaton Vance Enhanced Equity Income Fund Company Profile

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.