Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG) Stock Crosses Below 50 Day Moving Average – Here’s What Happened

Shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $9.59 and traded as low as $9.17. Eaton Vance Tax-Managed Global Diversified Equity Income Fund shares last traded at $9.2150, with a volume of 297,090 shares traded.

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

The firm’s 50-day simple moving average is $9.59 and its two-hundred day simple moving average is $9.29.

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

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a dividend of $0.0657 per share. This represents a c) annualized dividend and a dividend yield of 8.6%. The ex-dividend date is Monday, March 16th.

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

Hedge funds have recently made changes to their positions in the company. Morgan Stanley raised its stake in Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 0.8% in the 4th quarter. Morgan Stanley now owns 24,202,274 shares of the financial services provider’s stock worth $230,648,000 after acquiring an additional 194,662 shares during the last quarter. Invesco Ltd. grew its stake in Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 0.9% during the 3rd quarter. Invesco Ltd. now owns 3,954,370 shares of the financial services provider’s stock valued at $35,985,000 after purchasing an additional 34,049 shares during the last quarter. LPL Financial LLC grew its stake in Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 2.0% during the 4th quarter. LPL Financial LLC now owns 3,765,738 shares of the financial services provider’s stock valued at $35,887,000 after purchasing an additional 73,580 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 1.6% in the second quarter. Bank of America Corp DE now owns 2,700,110 shares of the financial services provider’s stock valued at $23,626,000 after purchasing an additional 43,437 shares during the period. Finally, Raymond James Financial Inc. increased its holdings in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 3.1% in the second quarter. Raymond James Financial Inc. now owns 2,307,951 shares of the financial services provider’s stock valued at $20,195,000 after purchasing an additional 69,927 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.