Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-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 traded.

Eaton Vance Tax-Managed Diversified Equity Income Fund Stock Up 0.7%

The stock’s fifty day simple moving average is $15.17 and its 200-day simple moving average is $15.51.

Eaton Vance Tax-Managed Diversified Equity Income Fund Announces Dividend

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

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

Hedge funds have recently made changes to their positions in the business. CWM LLC increased its stake in 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 purchasing an additional 699 shares during the last quarter. Vermillion Wealth Management Inc. increased its stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 101.5% during 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 last quarter. Lodestone Wealth Management LLC purchased a new position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund during the 4th quarter worth about $31,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund in the second quarter worth approximately $36,000. Finally, Arax Advisory Partners purchased a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund in the fourth quarter valued at approximately $39,000.

About Eaton Vance Tax-Managed Diversified Equity Income Fund

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.