Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Trading 0.9% Higher – Still a Buy?

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ)’s share price traded up 0.9% during trading on Thursday . The company traded as high as $9.07 and last traded at $9.05. 67,586 shares traded hands during trading, a decline of 56% from the average session volume of 152,083 shares. The stock had previously closed at $8.97.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Performance

The business has a fifty day moving average of $8.97 and a 200 day moving average of $8.76.

Eaton Vance Risk-Managed Diversified Equity Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $0.0651 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date is Monday, September 15th.

Hedge Funds Weigh In On Eaton Vance Risk-Managed Diversified Equity Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. LPL Financial LLC grew its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 136.6% during the 1st quarter. LPL Financial LLC now owns 2,144,278 shares of the company’s stock worth $18,141,000 after acquiring an additional 1,238,005 shares during the period. Raymond James Financial Inc. grew its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 6.7% during the 2nd quarter. Raymond James Financial Inc. now owns 1,708,700 shares of the company’s stock worth $15,447,000 after acquiring an additional 107,014 shares during the period. Osaic Holdings Inc. grew its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 6.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,175,003 shares of the company’s stock worth $10,622,000 after acquiring an additional 71,971 shares during the period. Invesco Ltd. grew its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 3.0% during the 2nd quarter. Invesco Ltd. now owns 912,531 shares of the company’s stock worth $8,249,000 after acquiring an additional 26,187 shares during the period. Finally, Cornerstone Advisors LLC grew its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 40.9% during the 2nd quarter. Cornerstone Advisors LLC now owns 873,368 shares of the company’s stock worth $7,895,000 after acquiring an additional 253,659 shares during the period.

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.