Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Stock Price Up 1.9% – What’s Next?

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI)’s stock price was up 1.9% during mid-day trading on Tuesday . The company traded as high as $21.57 and last traded at $21.48. Approximately 50,521 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 82,472 shares. The stock had previously closed at $21.08.

Eaton Vance Enhanced Equity Income Fund Stock Up 1.9 %

The stock has a fifty day moving average of $20.92 and a 200-day moving average of $19.90.

Eaton Vance Enhanced Equity Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be given a dividend of $0.1338 per share. This represents a $1.61 dividend on an annualized basis and a dividend yield of 7.47%. The ex-dividend date of this dividend is Monday, December 23rd.

Institutional Investors Weigh In On Eaton Vance Enhanced Equity Income Fund

Large investors have recently modified their holdings of the company. Strategic Financial Concepts LLC acquired a new position in shares of Eaton Vance Enhanced Equity Income Fund during the second quarter worth $34,000. Fortitude Family Office LLC purchased a new stake in Eaton Vance Enhanced Equity Income Fund during the 3rd quarter worth about $96,000. Sunbelt Securities Inc. boosted its position in shares of Eaton Vance Enhanced Equity Income Fund by 239.5% during the 2nd quarter. Sunbelt Securities Inc. now owns 7,938 shares of the company’s stock worth $154,000 after acquiring an additional 5,600 shares in the last quarter. Bryn Mawr Capital Management LLC increased its holdings in shares of Eaton Vance Enhanced Equity Income Fund by 857.9% in the 2nd quarter. Bryn Mawr Capital Management LLC now owns 12,500 shares of the company’s stock valued at $240,000 after acquiring an additional 11,195 shares during the last quarter. Finally, Atomi Financial Group Inc. acquired a new stake in shares of Eaton Vance Enhanced Equity Income Fund during the 2nd quarter worth about $388,000.

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.