Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Shares Pass Above Fifty Day Moving Average – Here’s Why

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $14.49 and traded as high as $15.16. Eaton Vance Tax-Managed Diversified Equity Income Fund shares last traded at $15.01, with a volume of 206,716 shares changing hands.

Eaton Vance Tax-Managed Diversified Equity Income Fund Stock Performance

The stock has a 50-day moving average of $14.49 and a 200-day moving average of $14.04.

Eaton Vance Tax-Managed Diversified Equity Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be given a dividend of $0.0992 per share. The ex-dividend date is Thursday, November 21st. This represents a $1.19 dividend on an annualized basis and a yield of 7.93%. This is a positive change from Eaton Vance Tax-Managed Diversified Equity Income Fund’s previous monthly dividend of $0.10.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE boosted its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 8.7% during the 3rd quarter. US Bancorp DE now owns 8,623 shares of the investment management company’s stock worth $126,000 after acquiring an additional 689 shares during the period. David J Yvars Group boosted its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 1.9% during the 3rd quarter. David J Yvars Group now owns 38,782 shares of the investment management company’s stock worth $565,000 after acquiring an additional 707 shares during the period. Wealth Alliance boosted its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 5.7% during the 2nd quarter. Wealth Alliance now owns 14,197 shares of the investment management company’s stock worth $199,000 after acquiring an additional 767 shares during the period. Creative Planning lifted its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 4.1% in the second quarter. Creative Planning now owns 29,864 shares of the investment management company’s stock valued at $420,000 after buying an additional 1,175 shares during the period. Finally, Avantax Advisory Services Inc. lifted its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 13.7% in the first quarter. Avantax Advisory Services Inc. now owns 11,704 shares of the investment management company’s stock valued at $156,000 after buying an additional 1,413 shares during the period.

About Eaton Vance Tax-Managed Diversified Equity Income Fund

Eaton Vance Tax-Managed Diversified Equity Income Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in dividend paying stocks of companies.