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

Shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $8.50 and traded as low as $8.30. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund shares last traded at $8.34, with a volume of 216,650 shares trading hands.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Trading Down 0.3 %

The stock’s fifty day moving average is $8.50 and its two-hundred day moving average is $8.51.

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

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.0664 per share. This represents a $0.80 annualized dividend and a dividend yield of 9.56%. The ex-dividend date is Friday, March 14th.

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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 1,093.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,643 shares of the company’s stock worth $40,000 after purchasing an additional 4,254 shares in the last quarter. Barrett & Company Inc. boosted its holdings in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 193.3% in the fourth quarter. Barrett & Company Inc. now owns 6,600 shares of the company’s stock worth $54,000 after buying an additional 4,350 shares during the period. Wolverine Asset Management LLC purchased a new position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund in the fourth quarter worth approximately $59,000. Elequin Capital LP acquired a new stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the fourth quarter valued at approximately $65,000. Finally, Sagespring Wealth Partners LLC purchased a new stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund in the 4th quarter valued at approximately $86,000.

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

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. It is co-managed by Parametric Portfolio Associates LLC. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors.