Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Shares Up 0.1% – Time to Buy?

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI)’s stock price traded up 0.1% during trading on Tuesday . The stock traded as high as $20.49 and last traded at $20.40. 48,075 shares changed hands during trading, a decline of 42% from the average session volume of 83,209 shares. The stock had previously closed at $20.37.

Eaton Vance Enhanced Equity Income Fund Stock Performance

The firm’s 50 day moving average is $18.92 and its 200 day moving average is $19.99.

Eaton Vance Enhanced Equity Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.1338 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 7.87%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EOI. Huntington National Bank grew its holdings in shares of Eaton Vance Enhanced Equity Income Fund by 165,000.0% during the fourth quarter. Huntington National Bank now owns 1,651 shares of the company’s stock worth $34,000 after purchasing an additional 1,650 shares in the last quarter. NBC Securities Inc. grew its stake in Eaton Vance Enhanced Equity Income Fund by 130,850.0% in the 1st quarter. NBC Securities Inc. now owns 2,619 shares of the company’s stock worth $49,000 after buying an additional 2,617 shares in the last quarter. Elequin Capital LP purchased a new position in Eaton Vance Enhanced Equity Income Fund in the 4th quarter worth approximately $97,000. Farther Finance Advisors LLC purchased a new position in Eaton Vance Enhanced Equity Income Fund in the 4th quarter worth approximately $98,000. Finally, JPMorgan Chase & Co. grew its stake in Eaton Vance Enhanced Equity Income Fund by 16.6% in the 4th quarter. JPMorgan Chase & Co. now owns 7,231 shares of the company’s stock worth $150,000 after buying an additional 1,031 shares in the last quarter.

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.