Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Shares Down 0.5%

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ)’s share price was down 0.5% during mid-day trading on Wednesday . The company traded as low as $8.26 and last traded at $8.28. Approximately 93,556 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 182,030 shares. The stock had previously closed at $8.32.

Eaton Vance Risk-Managed Diversified Equity Income Fund Price Performance

The business’s 50 day moving average price is $8.34 and its 200-day moving average price is $8.02.

Eaton Vance Risk-Managed Diversified Equity Income Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 23rd will be paid a $0.065 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 9.52%. The ex-dividend date is Monday, April 22nd. This is a positive change from Eaton Vance Risk-Managed Diversified Equity Income Fund’s previous monthly dividend of $0.06.

Institutional Investors Weigh In On Eaton Vance Risk-Managed Diversified Equity Income Fund

A number of institutional investors have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. raised its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 3.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 238,797 shares of the company’s stock valued at $1,994,000 after purchasing an additional 7,664 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 26.1% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 795,177 shares of the company’s stock worth $6,640,000 after acquiring an additional 164,574 shares during the period. Strategic Financial Concepts LLC acquired a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund during the first quarter worth about $217,000. Global Assets Advisory LLC raised its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 651.5% during the first quarter. Global Assets Advisory LLC now owns 112,725 shares of the company’s stock worth $941,000 after acquiring an additional 97,725 shares during the period. Finally, Centaurus Financial Inc. raised its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 2.6% during the fourth quarter. Centaurus Financial Inc. now owns 53,682 shares of the company’s stock worth $421,000 after acquiring an additional 1,367 shares during the period.

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.