Ladenburg Thalmann Financial Services Inc. increased its stake in Eaton Vance Tax Managed Buy Write Opport (NYSE:ETV) by 2.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 635,369 shares of the financial services provider’s stock after purchasing an additional 16,325 shares during the quarter. Ladenburg Thalmann Financial Services Inc. owned approximately 0.99% of Eaton Vance Tax Managed Buy Write Opport worth $9,766,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of ETV. NINE MASTS CAPITAL Ltd bought a new stake in Eaton Vance Tax Managed Buy Write Opport in the fourth quarter valued at $137,000. Wolverine Asset Management LLC boosted its stake in Eaton Vance Tax Managed Buy Write Opport by 633.8% in the fourth quarter. Wolverine Asset Management LLC now owns 29,734 shares of the financial services provider’s stock worth $457,000 after purchasing an additional 25,682 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Eaton Vance Tax Managed Buy Write Opport by 22.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 40,553 shares of the financial services provider’s stock worth $623,000 after purchasing an additional 7,518 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Eaton Vance Tax Managed Buy Write Opport by 30.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 57,497 shares of the financial services provider’s stock worth $884,000 after purchasing an additional 13,571 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Eaton Vance Tax Managed Buy Write Opport by 27.6% during the third quarter. Ameriprise Financial Inc. now owns 239,078 shares of the financial services provider’s stock valued at $3,663,000 after acquiring an additional 51,772 shares during the period.
In related news, CEO Matthew J. Witkos sold 25,000 shares of the stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $60.35, for a total transaction of $1,508,750.00. Following the completion of the transaction, the chief executive officer now directly owns 192,490 shares in the company, valued at $11,616,771.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dorothy E. Puhy sold 9,490 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $60.49, for a total value of $574,050.10. Following the transaction, the director now owns 29,426 shares of the company’s stock, valued at $1,779,978.74. The disclosure for this sale can be found here.
Shares of ETV traded down $0.07 during trading hours on Friday, hitting $14.93. 203,153 shares of the stock traded hands, compared to its average volume of 235,510. Eaton Vance Tax Managed Buy Write Opport has a 1-year low of $14.19 and a 1-year high of $15.69.
The business also recently announced a monthly dividend, which will be paid on Monday, April 30th. Shareholders of record on Monday, April 23rd will be paid a $0.1108 dividend. This represents a $1.33 annualized dividend and a yield of 8.91%. The ex-dividend date is Friday, April 20th.
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Eaton Vance Tax Managed Buy Write Opport Profile
Eaton Vance Tax-Managed Buy-Write Opportunities Fund is a United States-based diversified, closed-end management investment company. The Fund’s investment objective is to provide income and gains, with a secondary objective of capital appreciation. It invests in a portfolio of common stocks and writes call options on one or more United States indices on a substantial portion of the value of its common stock portfolio to generate earnings from the option.
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