Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Stock Price Up 0.1% Following Dividend Announcement

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ)’s stock price traded up 0.1% during trading on Wednesday after the company announced a dividend. The stock traded as high as $9.04 and last traded at $9.03. 91,371 shares were traded during trading, a decline of 40% from the average session volume of 152,571 shares. The stock had previously closed at $9.02.

The newly announced dividend which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be paid a $0.0651 dividend. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $0.78 annualized dividend and a yield of 8.63%.

Eaton Vance Risk-Managed Diversified Equity Income Fund Price Performance

The company’s 50 day simple moving average is $8.78 and its two-hundred day simple moving average is $8.84.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ETJ. Steward Partners Investment Advisory LLC increased its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 26.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 16,864 shares of the company’s stock valued at $157,000 after buying an additional 3,533 shares during the period. Raymond James Financial Inc. acquired a new position in Eaton Vance Risk-Managed Diversified Equity Income Fund in the 4th quarter valued at approximately $13,750,000. Independent Advisor Alliance acquired a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the 4th quarter worth $590,000. Vista Investment Partners II LLC acquired a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the 4th quarter worth $106,000. Finally, GWN Securities Inc. acquired a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the 4th quarter worth $259,000.

Eaton Vance Risk-Managed Diversified Equity Income Fund Company Profile

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.