Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Shares Down 0.2% – What’s Next?

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) was down 0.2% during mid-day trading on Monday . The company traded as low as $8.74 and last traded at $8.79. Approximately 60,193 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 156,598 shares. The stock had previously closed at $8.81.

Eaton Vance Risk-Managed Diversified Equity Income Fund Price Performance

The stock’s 50 day simple moving average is $8.48 and its 200-day simple moving average is $8.94.

Eaton Vance Risk-Managed Diversified Equity Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be paid a $0.0651 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 8.89%. The ex-dividend date is Thursday, May 15th.

Institutional Trading of Eaton Vance Risk-Managed Diversified Equity Income Fund

A number of institutional investors have recently added to or reduced their stakes in ETJ. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 1.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 198,106 shares of the company’s stock worth $1,676,000 after buying an additional 2,018 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 10.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 27,986 shares of the company’s stock worth $237,000 after buying an additional 2,571 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 1.9% in the fourth quarter. Bank of America Corp DE now owns 166,175 shares of the company’s stock worth $1,547,000 after buying an additional 3,033 shares during the last quarter. Sigma Planning Corp lifted its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 11.0% in the first quarter. Sigma Planning Corp now owns 33,710 shares of the company’s stock worth $285,000 after buying an additional 3,338 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 26.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 16,864 shares of the company’s stock worth $157,000 after buying an additional 3,533 shares during the last quarter.

Eaton Vance Risk-Managed Diversified Equity Income Fund Company Profile

Eaton Vance Risk-Managed Diversified 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 primarily invests in common stocks and purchases out-of-the-money, short-dated S&P 500 index put options and sells out-of-the-money S&P 500 Index call options of the same term as the put options with roll dates that are staggered across the options portfolio.