Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY – Get Free Report) declared a monthly dividend on Tuesday, September 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.0992 per share by the investment management company on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 8.4%. The ex-dividend date is Tuesday, September 15th.
Eaton Vance Tax-Managed Diversified Equity Income Fund Stock Performance
Shares of ETY stock opened at $14.16 on Friday. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 12-month low of $13.12 and a 12-month high of $16.02. The firm’s 50 day moving average is $14.45 and its 200 day moving average is $14.47.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. Arlington Capital Management Inc. purchased a new stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund during the 2nd quarter valued at about $175,000. Integrated Wealth Concepts LLC purchased a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund during the 2nd quarter valued at approximately $652,000. RFG Advisory LLC lifted its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 2.6% in the 2nd quarter. RFG Advisory LLC now owns 642,216 shares of the investment management company’s stock worth $9,338,000 after purchasing an additional 16,141 shares in the last quarter. Baird Financial Group Inc. boosted its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 17.9% during the second quarter. Baird Financial Group Inc. now owns 634,045 shares of the investment management company’s stock valued at $9,219,000 after buying an additional 96,284 shares during the last quarter. Finally, Ameritas Advisory Services LLC increased its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 55.8% in the second quarter. Ameritas Advisory Services LLC now owns 62,297 shares of the investment management company’s stock worth $906,000 after purchasing an additional 22,313 shares during the last quarter.
About Eaton Vance Tax-Managed Diversified Equity Income Fund
The Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE: ETY) is a closed-end management investment company that seeks to provide a high level of after-tax total return. Launched in December 2004, ETY is managed by investment professionals at Eaton Vance—now part of Morgan Stanley Investment Management—and employs a tax-sensitive strategy designed to minimize the distribution of capital gains to shareholders.
ETY invests primarily in a diversified portfolio of dividend-paying equity securities across a broad range of industries.
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