Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $9.14 and traded as high as $9.35. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund shares last traded at $9.2250, with a volume of 264,662 shares.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Stock Down 1.0%

The firm has a fifty day moving average price of $9.14 and a 200-day moving average price of $9.15.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, April 15th will be given a $0.0664 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date is Wednesday, April 15th.

Institutional Investors Weigh In On Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

A number of large investors have recently added to or reduced their stakes in ETW. Royal Bank of Canada boosted its position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 18.4% during the 1st quarter. Royal Bank of Canada now owns 870,232 shares of the company’s stock valued at $7,179,000 after acquiring an additional 135,192 shares in the last quarter. Jane Street Group LLC bought a new stake in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the 1st quarter valued at approximately $109,000. Gamco Investors INC. ET AL bought a new stake in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the 2nd quarter valued at approximately $268,000. Cerity Partners LLC purchased a new position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the second quarter valued at approximately $168,000. Finally, Raymond James Financial Inc. lifted its holdings in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 1.7% during the second quarter. Raymond James Financial Inc. now owns 1,544,773 shares of the company’s stock valued at $13,362,000 after purchasing an additional 25,209 shares during the last quarter.

About Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE: ETW) is a closed-end management investment company that seeks to provide a high level of current income consistent with the preservation of capital and to achieve capital appreciation. The fund pursues its objectives by investing primarily in a diversified portfolio of U.S. and foreign equity securities, and by employing a buy-write strategy in which it writes (sells) call options on portions of its equity holdings. This option writing is designed to generate additional income and to potentially mitigate portfolio volatility.

The fund’s underlying equity investments span a broad range of sectors and geographic regions, including developed and emerging markets in North America, Europe, Asia and other regions.