Eaton Vance Enhanced Equity Income Fund II (NYSEARCA:EOS) Stock Price Up 0.8% – Here’s Why

Shares of Eaton Vance Enhanced Equity Income Fund II (NYSEARCA:EOS) rose 0.8% on Thursday . The company traded as high as $21.50 and last traded at $21.47. Approximately 100,915 shares changed hands during trading, a decline of 24% from the average daily volume of 133,032 shares. The stock had previously closed at $21.30.

Eaton Vance Enhanced Equity Income Fund II Trading Up 0.8%

The business has a 50-day moving average of $21.43 and a two-hundred day moving average of $22.56.

Eaton Vance Enhanced Equity Income Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 15th will be issued a dividend of $0.1523 per share. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a c) annualized dividend and a yield of 8.5%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. lifted its holdings in Eaton Vance Enhanced Equity Income Fund II by 8.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 119,860 shares of the company’s stock worth $2,806,000 after buying an additional 9,822 shares during the period. Fund Advisors of America Inc FL acquired a new position in Eaton Vance Enhanced Equity Income Fund II during the 4th quarter worth about $2,541,000. World Investment Advisors lifted its holdings in Eaton Vance Enhanced Equity Income Fund II by 148.1% during the 4th quarter. World Investment Advisors now owns 26,873 shares of the company’s stock worth $629,000 after buying an additional 16,043 shares during the period. Invesco Ltd. lifted its holdings in Eaton Vance Enhanced Equity Income Fund II by 27.9% during the 4th quarter. Invesco Ltd. now owns 728,817 shares of the company’s stock worth $17,062,000 after buying an additional 159,111 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in Eaton Vance Enhanced Equity Income Fund II by 12.2% during the 4th quarter. NewEdge Advisors LLC now owns 26,147 shares of the company’s stock worth $612,000 after buying an additional 2,845 shares during the period.

About Eaton Vance Enhanced Equity Income Fund II

Eaton Vance Enhanced Equity Income Fund II is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in public equity markets of the United States. It seeks to invest in the stocks of companies operating across diversified sectors. The fund primarily invests in growth stocks of mid-cap and large-cap companies. It generates current earnings from option premiums by selling covered call options on a substantial portion of its portfolio. The fund benchmarks the performance of its portfolio against the Russell 1000 Growth Index, the CBOE S&P 500 BuyWrite Index, and the CBOE NASDAQ-100 BuyWrite Index.