Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Trading 0.4% Higher – Should You Buy?

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) traded up 0.4% during mid-day trading on Monday . The company 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 Stock Performance

The company’s 50-day simple moving average is $9.24 and its 200-day simple moving average is $8.95.

Eaton Vance Risk-Managed Diversified Equity Income Fund Increases Dividend

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

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

Institutional investors have recently modified their holdings of the business. Pathway Financial Advisers LLC grew its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 841.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 13,180 shares of the company’s stock worth $121,000 after acquiring an additional 11,780 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund in the first quarter valued at $131,000. Global Assets Advisory LLC acquired a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the 3rd quarter worth $132,000. Ameritas Advisory Services LLC boosted its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 7.4% in the 2nd quarter. Ameritas Advisory Services LLC now owns 18,506 shares of the company’s stock worth $162,000 after buying an additional 1,278 shares in the last quarter. Finally, Sigma Planning Corp boosted its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 4.5% in the 3rd quarter. Sigma Planning Corp now owns 30,090 shares of the company’s stock worth $277,000 after buying an additional 1,285 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.