Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Share Price Crosses Above 50-Day Moving Average of $13.95

Shares of Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $13.95 and traded as high as $14.15. Eaton Vance Tax-Managed Diversified Equity Income Fund shares last traded at $14.10, with a volume of 163,368 shares trading hands.

Eaton Vance Tax-Managed Diversified Equity Income Fund Price Performance

The company has a 50-day simple moving average of $13.95 and a 200-day simple moving average of $13.54.

Eaton Vance Tax-Managed Diversified Equity Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 22nd will be given a dividend of $0.0992 per share. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $1.19 annualized dividend and a yield of 8.44%.

Institutional Investors Weigh In On Eaton Vance Tax-Managed Diversified Equity Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Principal Securities Inc. bought a new stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund during the fourth quarter valued at approximately $11,174,000. Cornerstone Advisors LLC lifted its holdings in Eaton Vance Tax-Managed Diversified Equity Income Fund by 330.0% during the 4th quarter. Cornerstone Advisors LLC now owns 1,040,550 shares of the investment management company’s stock worth $12,684,000 after buying an additional 798,583 shares in the last quarter. Pathway Financial Advisers LLC bought a new position in Eaton Vance Tax-Managed Diversified Equity Income Fund in the 1st quarter valued at $4,281,000. CoreCap Advisors LLC acquired a new stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund in the 2nd quarter valued at $4,399,000. Finally, Karpus Management Inc. acquired a new stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund in the 4th quarter valued at $2,956,000.

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.