Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Shares Pass Above 50-Day Moving Average – Time to Sell?

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty 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 Price Performance

The company’s 50-day moving average is $14.12 and its 200-day moving average is $13.90.

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

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 23rd will be issued a dividend of $0.106 per share. This is a positive change from Eaton Vance Tax-Managed Buy-Write Income Fund’s previous monthly dividend of $0.11. The ex-dividend date is Wednesday, October 23rd. This represents a $1.27 annualized dividend and a dividend yield of 8.71%.

Institutional Trading of Eaton Vance Tax-Managed Buy-Write Income Fund

Hedge funds have recently modified their holdings of the company. Carolinas Wealth Consulting LLC acquired a new stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund during the second quarter worth approximately $48,000. Shaker Financial Services LLC increased its holdings in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 6.6% during the second quarter. Shaker Financial Services LLC now owns 261,714 shares of the financial services provider’s stock worth $3,695,000 after buying an additional 16,111 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 1,947.5% during the first quarter. Cetera Investment Advisers now owns 303,257 shares of the financial services provider’s stock worth $4,139,000 after buying an additional 288,446 shares in the last quarter. Integrated Capital Management Inc. increased its holdings in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 7.1% in the second quarter. Integrated Capital Management Inc. now owns 13,769 shares of the financial services provider’s stock valued at $194,000 after purchasing an additional 907 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 10.6% in the first quarter. Advisors Asset Management Inc. now owns 223,625 shares of the financial services provider’s stock valued at $3,052,000 after purchasing an additional 21,348 shares in the last quarter.

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.