Is Buying Eaton Vance Enhanced Equity Income Fund II (EOS) Here a Winning Strategy? The Stock Formed Bullish Wedge Up

July 14, 2018 - By James Douglas

Investors sentiment increased to 1.92 in 2018 Q1. Its up 0.32, from 1.6 in 2017Q4. It is positive, as 3 investors sold Eaton Vance Enhanced Equity Income Fund II shares while 9 reduced holdings. 6 funds opened positions while 17 raised stakes. 6.69 million shares or 6.19% more from 6.30 million shares in 2017Q4 were reported.
31,613 are owned by Cambridge Rech Advsrs. Bancorporation Of Ny Mellon holds 10,401 shares. Royal Savings Bank Of Canada accumulated 56,804 shares. 818,522 were accumulated by Guggenheim Capital Ltd Llc. Fifth Third Bancorp has 1,335 shares. Benjamin F Edwards And Com Incorporated holds 0% of its portfolio in Eaton Vance Enhanced Equity Income Fund II (NYSE:EOS) for 1,814 shares. Creative Planning accumulated 18,526 shares or 0% of the stock. Raymond James And holds 0.01% or 241,334 shares. Regions Finance Corporation has invested 0% in Eaton Vance Enhanced Equity Income Fund II (NYSE:EOS). Sei Invests reported 40 shares. Bb&T Securities Ltd Com accumulated 10,162 shares. Eaton Vance, Massachusetts-based fund reported 37,104 shares. Hightower Advisors Lc invested in 13,586 shares. Bancorp Of Nova Scotia, a Ontario – Canada-based fund reported 50,832 shares. Asset Mngmt has 0.08% invested in Eaton Vance Enhanced Equity Income Fund II (NYSE:EOS) for 293,287 shares.

The stock of Eaton Vance Enhanced Equity Income Fund II (EOS) formed an up wedge with $19.11 target or 9.00 % above today’s $17.53 share price. The 6 months wedge indicates low risk for the $835.48 million company. If the $19.11 price target is reached, the company will be worth $75.19M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 0.69% or $0.12 during the last trading session, reaching $17.53. About 92,313 shares traded. Eaton Vance Enhanced Equity Income Fund II (NYSE:EOS) has risen 19.37% since July 14, 2017 and is uptrending. It has outperformed by 6.80% the S&P500.

Another recent and important Eaton Vance Enhanced Equity Income Fund II (NYSE:EOS) news was published by Seekingalpha.com which published an article titled: “Philip Morris International: Great High Dividend Income Yield Of 5.6% While Waiting For Mr. Market To Get Smart” on June 18, 2018.

Eaton Vance Enhanced Equity Income Fund II is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. The company has market cap of $835.48 million. The fund invests in public equity markets of the United States. It has a 5.55 P/E ratio. It seeks to invest in the stocks of companies operating across diversified sectors.

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