Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Shares Up 0.4% – Here’s What Happened

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) shares traded up 0.4% on Monday . The stock traded as high as $9.29 and last traded at $9.28. 67,338 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 157,498 shares. The stock had previously closed at $9.24.

Eaton Vance Risk-Managed Diversified Equity Income Fund Trading Up 0.4 %

The business has a 50 day simple moving average of $9.24 and a two-hundred day simple moving average of $8.95.

Eaton Vance Risk-Managed Diversified Equity Income Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be given a dividend of $0.0651 per share. The ex-dividend date is Thursday, November 21st. This is an increase from Eaton Vance Risk-Managed Diversified Equity Income Fund’s previous monthly dividend of $0.07. This represents a $0.78 annualized dividend and a yield of 8.42%.

Hedge Funds Weigh In On Eaton Vance Risk-Managed Diversified Equity Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of ETJ. Cornerstone Advisors LLC raised its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 61.7% in the 2nd quarter. Cornerstone Advisors LLC now owns 1,293,780 shares of the company’s stock valued at $11,359,000 after acquiring an additional 493,857 shares during the period. Raymond James & Associates raised its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 2.7% during the 3rd quarter. Raymond James & Associates now owns 535,865 shares of the company’s stock valued at $4,935,000 after buying an additional 13,919 shares during the period. Maxwell Wealth Strategies Inc. lifted its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 7.6% during the first quarter. Maxwell Wealth Strategies Inc. now owns 310,425 shares of the company’s stock worth $2,639,000 after purchasing an additional 21,854 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 2.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 245,670 shares of the company’s stock valued at $2,157,000 after buying an additional 6,873 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 1,034.4% during the 3rd quarter. International Assets Investment Management LLC now owns 171,389 shares of the company’s stock valued at $1,578,000 after purchasing an additional 156,280 shares in the last quarter.

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.