Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Shares Up 0.2% – Should You Buy?

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ)’s stock price shot up 0.2% on Tuesday . The stock traded as high as $8.88 and last traded at $8.86. 77,074 shares traded hands during trading, a decline of 50% from the average session volume of 153,807 shares. The stock had previously closed at $8.84.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Performance

The firm’s 50-day simple moving average is $8.55 and its two-hundred day simple moving average is $8.89.

Eaton Vance Risk-Managed Diversified Equity Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.0651 per share. This represents a $0.78 annualized dividend and a yield of 8.82%. The ex-dividend date of this dividend is Monday, June 16th.

Institutional Trading of Eaton Vance Risk-Managed Diversified Equity Income Fund

Several large investors have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. grew its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 1.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 198,106 shares of the company’s stock worth $1,676,000 after purchasing an additional 2,018 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 10.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 27,986 shares of the company’s stock valued at $237,000 after acquiring an additional 2,571 shares during the period. Bank of America Corp DE lifted its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 1.9% during the 4th quarter. Bank of America Corp DE now owns 166,175 shares of the company’s stock valued at $1,547,000 after acquiring an additional 3,033 shares during the period. Sigma Planning Corp lifted its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 11.0% during the 1st quarter. Sigma Planning Corp now owns 33,710 shares of the company’s stock valued at $285,000 after acquiring an additional 3,338 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 26.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 16,864 shares of the company’s stock valued at $157,000 after acquiring an additional 3,533 shares during the period.

About Eaton Vance Risk-Managed Diversified Equity Income Fund

Eaton Vance Risk-Managed Diversified Equity Income Fund is a closed ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in the public equity markets of the United States. It primarily invests in common stocks and purchases out-of-the-money, short-dated S&P 500 index put options and sells out-of-the-money S&P 500 Index call options of the same term as the put options with roll dates that are staggered across the options portfolio.