Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Stock Price Up 0.7% – What’s Next?

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) rose 0.7% during trading on Tuesday . The company traded as high as $8.76 and last traded at $8.7190. Approximately 116,001 shares changed hands during mid-day trading, a decline of 27% from the average daily volume of 158,478 shares. The stock had previously closed at $8.66.

Eaton Vance Risk-Managed Diversified Equity Income Fund Price Performance

The firm has a 50-day moving average price of $8.80 and a 200-day moving average price of $8.86.

Eaton Vance Risk-Managed Diversified Equity Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be issued a $0.0651 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a c) annualized dividend and a yield of 9.0%.

Institutional Investors Weigh In On Eaton Vance Risk-Managed Diversified Equity Income Fund

Institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC lifted its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 1.6% in the 4th quarter. Advisory Services Network LLC now owns 85,908 shares of the company’s stock valued at $758,000 after acquiring an additional 1,353 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of 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 worth $35,000 after purchasing an additional 1,380 shares in the last quarter. Allworth Financial LP raised its stake in shares of 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 during the last quarter. Centaurus Financial Inc. lifted its holdings in shares of 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 valued at $630,000 after purchasing an additional 1,762 shares in the last quarter. Finally, Founders Financial Alliance LLC lifted its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 12.1% during the fourth quarter. Founders Financial Alliance LLC now owns 18,357 shares of the company’s stock valued at $162,000 after purchasing an additional 1,983 shares in the last quarter.

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.