Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Stock Price Down 0.6%

Shares of Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) fell 0.6% during mid-day trading on Wednesday . The stock traded as low as $17.77 and last traded at $17.80. 69,262 shares changed hands during trading, a decline of 14% from the average session volume of 80,815 shares. The stock had previously closed at $17.91.

Eaton Vance Enhanced Equity Income Fund Stock Performance

The company has a 50-day moving average of $18.11 and a 200-day moving average of $16.84.

Eaton Vance Enhanced Equity Income Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 23rd will be given a dividend of $0.134 per share. This is a positive change from Eaton Vance Enhanced Equity Income Fund’s previous monthly dividend of $0.11. This represents a $1.61 annualized dividend and a dividend yield of 9.10%. The ex-dividend date of this dividend is Monday, April 22nd.

Institutional Investors Weigh In On Eaton Vance Enhanced Equity Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in EOI. NBC Securities Inc. bought a new position in Eaton Vance Enhanced Equity Income Fund during the 3rd quarter worth $39,000. Sunbelt Securities Inc. grew its stake in shares of Eaton Vance Enhanced Equity Income Fund by 32.2% in the first quarter. Sunbelt Securities Inc. now owns 2,338 shares of the company’s stock worth $43,000 after purchasing an additional 570 shares in the last quarter. Register Financial Advisors LLC bought a new position in shares of Eaton Vance Enhanced Equity Income Fund in the first quarter worth $128,000. Stratos Wealth Advisors LLC bought a new position in shares of Eaton Vance Enhanced Equity Income Fund in the third quarter worth $178,000. Finally, Bryn Mawr Capital Management LLC bought a new position in shares of Eaton Vance Enhanced Equity Income Fund in the third quarter worth $198,000.

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.