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

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $8.53 and traded as high as $8.67. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund shares last traded at $8.61, with a volume of 214,017 shares trading hands.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Trading Down 0.5 %

The stock’s 50 day moving average is $8.53 and its 200 day moving average is $8.49.

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

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.0664 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.80 annualized dividend and a yield of 9.26%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Guggenheim Capital LLC grew its position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 7.8% in the fourth quarter. Guggenheim Capital LLC now owns 1,917,991 shares of the company’s stock worth $16,149,000 after buying an additional 138,560 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund in the fourth quarter worth approximately $12,205,000. International Assets Investment Management LLC grew its position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 1,041.2% in the third quarter. International Assets Investment Management LLC now owns 1,224,600 shares of the company’s stock worth $10,630,000 after buying an additional 1,117,291 shares during the last quarter. Pathstone Holdings LLC grew its position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 52.1% in the third quarter. Pathstone Holdings LLC now owns 998,581 shares of the company’s stock worth $8,669,000 after buying an additional 342,202 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 119.9% in the fourth quarter. Wells Fargo & Company MN now owns 670,907 shares of the company’s stock worth $5,649,000 after buying an additional 365,753 shares during the last quarter.

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.