Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG) Stock Price Passes Above Fifty Day Moving Average – Should You Sell?

Shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $9.60 and traded as high as $9.72. Eaton Vance Tax-Managed Global Diversified Equity Income Fund shares last traded at $9.6650, with a volume of 622,615 shares changing hands.

Eaton Vance Tax-Managed Global Diversified Equity Income Fund Stock Performance

The company’s 50-day moving average is $9.60 and its 200-day moving average is $9.26.

Eaton Vance Tax-Managed Global Diversified Equity Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th were issued a dividend of $0.0657 per share. The ex-dividend date was Tuesday, February 17th. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EXG. Cerity Partners LLC increased its stake in Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 1,202.4% during the second quarter. Cerity Partners LLC now owns 280,010 shares of the financial services provider’s stock worth $2,450,000 after acquiring an additional 258,510 shares during the last quarter. Shaker Financial Services LLC grew its holdings in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 283.5% during the 4th quarter. Shaker Financial Services LLC now owns 265,118 shares of the financial services provider’s stock worth $2,527,000 after purchasing an additional 195,979 shares during the period. Morgan Stanley increased its position in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 0.8% during the 4th quarter. Morgan Stanley now owns 24,202,274 shares of the financial services provider’s stock worth $230,648,000 after purchasing an additional 194,662 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 39.3% in the 4th quarter. Kestra Advisory Services LLC now owns 462,619 shares of the financial services provider’s stock valued at $4,409,000 after buying an additional 130,540 shares during the period. Finally, Penserra Capital Management LLC raised its holdings in Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 20.2% in the 3rd quarter. Penserra Capital Management LLC now owns 728,030 shares of the financial services provider’s stock valued at $6,625,000 after buying an additional 122,464 shares during the period.

Eaton Vance Tax-Managed Global Diversified Equity Income Fund Company Profile

Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE: EXG) is a closed-end management investment company that seeks to provide a high level of after-tax income and capital appreciation. The fund pursues its objectives by investing primarily in a diversified portfolio of dividend-paying equity securities across global developed and emerging markets. Portfolio construction emphasizes companies with sustainable dividend track records and the potential for long-term growth, while incorporating active risk management techniques.

The fund’s investment strategy blends bottom-up fundamental research with sector and country allocation decisions designed to capture attractive income opportunities around the world.