Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Share Price Passes Below 50 Day Moving Average of $13.48

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB)’s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $13.48 and traded as low as $13.13. Eaton Vance Tax-Managed Buy-Write Income Fund shares last traded at $13.21, with a volume of 50,738 shares changing hands.

Eaton Vance Tax-Managed Buy-Write Income Fund Stock Up 1.1 %

The business’s 50 day moving average price is $13.48 and its 200-day moving average price is $13.06.

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

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 23rd will be issued a $0.106 dividend. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $1.27 dividend on an annualized basis and a dividend yield of 9.63%. This is a positive change from Eaton Vance Tax-Managed Buy-Write Income Fund’s previous monthly dividend of $0.09.

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

A number of hedge funds and other institutional investors have recently modified their holdings of ETB. Cornerstone Advisors LLC grew its holdings in Eaton Vance Tax-Managed Buy-Write Income Fund by 53.6% during the 4th quarter. Cornerstone Advisors LLC now owns 486,858 shares of the financial services provider’s stock worth $6,319,000 after acquiring an additional 169,823 shares during the period. 1607 Capital Partners LLC lifted its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 77.9% in the 4th quarter. 1607 Capital Partners LLC now owns 473,593 shares of the financial services provider’s stock valued at $6,147,000 after acquiring an additional 207,370 shares in the last quarter. UBS Group AG lifted its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 1.9% in the 3rd quarter. UBS Group AG now owns 435,702 shares of the financial services provider’s stock valued at $5,494,000 after acquiring an additional 8,315 shares in the last quarter. Shaker Financial Services LLC lifted its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 102.2% in the 3rd quarter. Shaker Financial Services LLC now owns 209,601 shares of the financial services provider’s stock valued at $2,643,000 after acquiring an additional 105,949 shares in the last quarter. Finally, Wolverine Asset Management LLC lifted its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 58.0% in the 3rd quarter. Wolverine Asset Management LLC now owns 203,479 shares of the financial services provider’s stock valued at $2,566,000 after acquiring an additional 74,673 shares in the last quarter.

About Eaton Vance Tax-Managed Buy-Write Income Fund

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.