Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $14.10 and traded as high as $14.53. Eaton Vance Tax-Managed Buy-Write Income Fund shares last traded at $14.53, with a volume of 43,607 shares.

Eaton Vance Tax-Managed Buy-Write Income Fund Stock Up 0.5 %

The firm’s fifty day moving average is $14.10 and its two-hundred day moving average is $13.89.

Eaton Vance Tax-Managed Buy-Write Income Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Wednesday, October 23rd will be issued a $0.106 dividend. The ex-dividend date is Wednesday, October 23rd. This represents a $1.27 annualized dividend and a yield of 8.75%. This is an increase from Eaton Vance Tax-Managed Buy-Write Income Fund’s previous monthly dividend of $0.11.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ETB. Flow State Investments L.P. bought a new position in Eaton Vance Tax-Managed Buy-Write Income Fund in the 4th quarter worth $342,000. Park Avenue Securities LLC bought a new position in Eaton Vance Tax-Managed Buy-Write Income Fund in the 1st quarter worth $1,190,000. Integrated Capital Management Inc. bought a new position in Eaton Vance Tax-Managed Buy-Write Income Fund in the 1st quarter worth $176,000. Claro Advisors LLC lifted its stake in Eaton Vance Tax-Managed Buy-Write Income Fund by 14.3% in the 1st quarter. Claro Advisors LLC now owns 48,668 shares of the financial services provider’s stock worth $664,000 after purchasing an additional 6,080 shares in the last quarter. Finally, Diversified LLC purchased a new stake in Eaton Vance Tax-Managed Buy-Write Income Fund in the 1st quarter worth $138,000.

Eaton Vance Tax-Managed Buy-Write Income Fund Company Profile

Eaton Vance Tax-Managed Buy-Write Income 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 the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.