Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Stock Price Down 1% – Here’s Why

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) traded down 1% during mid-day trading on Friday . The stock traded as low as $21.18 and last traded at $21.20. 59,183 shares were traded during trading, a decline of 20% from the average session volume of 73,893 shares. The stock had previously closed at $21.41.

Eaton Vance Enhanced Equity Income Fund Trading Down 1.0%

The company’s 50-day simple moving average is $20.77 and its 200-day simple moving average is $19.87.

Eaton Vance Enhanced Equity Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be given a dividend of $0.1338 per share. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend is Friday, August 15th.

Institutional Trading of Eaton Vance Enhanced Equity Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in EOI. Raymond James Financial Inc. acquired a new position in shares of Eaton Vance Enhanced Equity Income Fund in the fourth quarter valued at $27,148,000. Kovitz Investment Group Partners LLC increased its holdings in shares of Eaton Vance Enhanced Equity Income Fund by 2,787.2% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 836,494 shares of the company’s stock valued at $17,374,000 after purchasing an additional 807,521 shares during the last quarter. Shaker Financial Services LLC increased its holdings in shares of Eaton Vance Enhanced Equity Income Fund by 276.6% in the first quarter. Shaker Financial Services LLC now owns 83,649 shares of the company’s stock valued at $1,569,000 after purchasing an additional 61,435 shares during the last quarter. Guggenheim Capital LLC increased its holdings in shares of Eaton Vance Enhanced Equity Income Fund by 11.9% in the second quarter. Guggenheim Capital LLC now owns 355,825 shares of the company’s stock valued at $7,444,000 after purchasing an additional 37,911 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its holdings in shares of Eaton Vance Enhanced Equity Income Fund by 11.0% in the first quarter. Concurrent Investment Advisors LLC now owns 281,366 shares of the company’s stock valued at $5,278,000 after purchasing an additional 27,784 shares during 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.