Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Stock Price Down 0.2% – What’s Next?

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) shares traded down 0.2% on Wednesday . The company traded as low as $20.82 and last traded at $20.91. 83,141 shares traded hands during trading, an increase of 1% from the average session volume of 82,040 shares. The stock had previously closed at $20.95.

Eaton Vance Enhanced Equity Income Fund Stock Performance

The stock has a fifty day simple moving average of $19.89 and a 200-day simple moving average of $19.87.

Eaton Vance Enhanced Equity Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be issued a dividend of $0.1338 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 7.68%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EOI. Elequin Capital LP raised its holdings in shares of Eaton Vance Enhanced Equity Income Fund by 18.1% in the first quarter. Elequin Capital LP now owns 5,514 shares of the company’s stock valued at $103,000 after buying an additional 845 shares during the last quarter. TPG Advisors LLC grew its holdings in Eaton Vance Enhanced Equity Income Fund by 0.9% during the first quarter. TPG Advisors LLC now owns 98,242 shares of the company’s stock valued at $1,843,000 after purchasing an additional 913 shares during the period. JPMorgan Chase & Co. lifted its stake in Eaton Vance Enhanced Equity Income Fund by 16.6% in the fourth quarter. JPMorgan Chase & Co. now owns 7,231 shares of the company’s stock valued at $150,000 after buying an additional 1,031 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in Eaton Vance Enhanced Equity Income Fund by 6.3% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 27,381 shares of the company’s stock valued at $569,000 after buying an additional 1,625 shares in the last quarter. Finally, Huntington National Bank lifted its stake in Eaton Vance Enhanced Equity Income Fund by 165,000.0% in the fourth quarter. Huntington National Bank now owns 1,651 shares of the company’s stock valued at $34,000 after buying an additional 1,650 shares in the last quarter.

About Eaton Vance Enhanced Equity Income Fund

Eaton Vance Enhanced 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 seeks to invest in stocks of companies operating across diversified sectors. The fund invests in the stocks of large-cap and mid-cap companies with a focus on investing in companies with above average growth and financial condition against valuation in selecting individual securities.