Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Stock Passes Above 50-Day Moving Average – What’s Next?

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) shares crossed 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 traded.

Eaton Vance Tax-Managed Buy-Write Income Fund Stock Performance

The stock has a 50 day moving average of $14.12 and a 200 day moving average of $13.90.

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

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Carolinas Wealth Consulting LLC acquired a new position in Eaton Vance Tax-Managed Buy-Write Income Fund during the 2nd quarter worth $48,000. Shaker Financial Services LLC lifted its holdings in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 6.6% in the second quarter. Shaker Financial Services LLC now owns 261,714 shares of the financial services provider’s stock valued at $3,695,000 after buying an additional 16,111 shares during the period. Cetera Investment Advisers increased its stake in Eaton Vance Tax-Managed Buy-Write Income Fund by 1,947.5% in the 1st quarter. Cetera Investment Advisers now owns 303,257 shares of the financial services provider’s stock valued at $4,139,000 after buying an additional 288,446 shares during the period. Integrated Capital Management Inc. grew its stake in 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. raised its holdings in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 10.6% during the 1st 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.