Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Stock Crosses Below 200-Day Moving Average – Should You Sell?

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $15.51 and traded as low as $14.76. Eaton Vance Tax-Managed Diversified Equity Income Fund shares last traded at $14.92, with a volume of 137,861 shares.

Eaton Vance Tax-Managed Diversified Equity Income Fund Price Performance

The company has a 50-day simple moving average of $15.17 and a two-hundred day simple moving average of $15.51.

Eaton Vance Tax-Managed Diversified Equity Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be paid a dividend of $0.0992 per share. The ex-dividend date is Tuesday, February 17th. This represents a c) annualized dividend and a dividend yield of 8.0%.

Hedge Funds Weigh In On Eaton Vance Tax-Managed Diversified Equity Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the company. CWM LLC raised its stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 64.5% in the fourth quarter. CWM LLC now owns 1,783 shares of the investment management company’s stock valued at $27,000 after buying an additional 699 shares during the period. Vermillion Wealth Management Inc. raised its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 101.5% in the 4th quarter. Vermillion Wealth Management Inc. now owns 1,805 shares of the investment management company’s stock valued at $28,000 after acquiring an additional 909 shares during the period. Lodestone Wealth Management LLC purchased a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund during the fourth quarter valued at about $31,000. Elevation Point Wealth Partners LLC bought a new position in Eaton Vance Tax-Managed Diversified Equity Income Fund during the second quarter worth about $36,000. Finally, Arax Advisory Partners purchased a new position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund in the fourth quarter worth about $39,000.

Eaton Vance Tax-Managed Diversified Equity Income Fund Company Profile

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.