Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Trading 0.7% Higher – Time to Buy?

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) was up 0.7% on Tuesday . The company traded as high as $8.91 and last traded at $8.90. Approximately 113,133 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 160,861 shares. The stock had previously closed at $8.84.

Eaton Vance Risk-Managed Diversified Equity Income Fund Price Performance

The business has a 50 day simple moving average of $8.79 and a 200 day simple moving average of $8.88.

Eaton Vance Risk-Managed Diversified Equity Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be issued a $0.0651 dividend. The ex-dividend date is Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 8.8%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Geneos Wealth Management Inc. lifted its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 55.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,855 shares of the company’s stock worth $35,000 after acquiring an additional 1,380 shares during the period. Allworth Financial LP raised its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 8.1% in the third quarter. Allworth Financial LP now owns 21,737 shares of the company’s stock worth $195,000 after purchasing an additional 1,620 shares in the last quarter. Centaurus Financial Inc. lifted its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 2.6% during the third quarter. Centaurus Financial Inc. now owns 70,080 shares of the company’s stock worth $630,000 after purchasing an additional 1,762 shares during the period. International Assets Investment Management LLC boosted its holdings in Eaton Vance Risk-Managed Diversified Equity Income Fund by 14.7% during the second quarter. International Assets Investment Management LLC now owns 15,609 shares of the company’s stock valued at $141,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Advisory Services Network LLC grew its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 2.7% in the 3rd quarter. Advisory Services Network LLC now owns 84,555 shares of the company’s stock valued at $760,000 after purchasing an additional 2,228 shares during the period.

Eaton Vance Risk-Managed Diversified Equity Income Fund Company Profile

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE: ETJ) is a closed-end management investment company launched in November 2008 and managed by Eaton Vance Advisors, a subsidiary of Morgan Stanley. The fund’s primary objective is to provide a high level of monthly distributable income with an element of capital preservation. It seeks to achieve this through a diversified portfolio of equity securities combined with a systematic option overlay strategy.

The core equity allocation is invested primarily in dividend-paying common stocks of large- and mid-cap companies across a range of sectors, including financials, technology, industrials and consumer staples.