Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Shares Down 0.4% – Time to Sell?

Shares of Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) dropped 0.4% during mid-day trading on Friday . The stock traded as low as $8.87 and last traded at $8.90. Approximately 143,338 shares were traded during mid-day trading, a decline of 5% from the average daily volume of 150,238 shares. The stock had previously closed at $8.94.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Performance

The firm’s 50 day moving average price is $8.98 and its two-hundred day moving average price is $8.77.

Eaton Vance Risk-Managed Diversified Equity Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.0651 per share. The ex-dividend date is Monday, September 15th. This represents a c) annualized dividend and a dividend yield of 8.8%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Osaic Holdings Inc. increased its stake 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 purchasing an additional 71,971 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the 2nd quarter worth about $110,000. Geneos Wealth Management Inc. grew its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 55.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,855 shares of the company’s stock valued at $35,000 after buying an additional 1,380 shares during the last quarter. Garden State Investment Advisory Services LLC grew its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 8.2% in the 2nd quarter. Garden State Investment Advisory Services LLC now owns 49,886 shares of the company’s stock valued at $451,000 after buying an additional 3,778 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 5.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 401,249 shares of the company’s stock valued at $3,627,000 after buying an additional 19,783 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.