Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG) Share Price Crosses Above 50 Day Moving Average – Time to Sell?

Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $9.55 and traded as high as $9.65. Eaton Vance Tax-Managed Global Diversified Equity Income Fund shares last traded at $9.64, with a volume of 416,422 shares changing hands.

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

The company has a 50 day simple moving average of $9.56 and a 200-day simple moving average of $9.23.

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

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be issued a dividend of $0.0657 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a c) annualized dividend and a yield of 8.2%.

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

Several large investors have recently modified their holdings of EXG. IFG Advisory LLC bought a new stake in Eaton Vance Tax-Managed Global Diversified Equity Income Fund during the 2nd quarter valued at $183,000. Retirement Solution LLC bought a new position in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund in the second quarter worth $164,000. Penserra Capital Management LLC grew its position in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 3.0% in the second quarter. Penserra Capital Management LLC now owns 605,566 shares of the financial services provider’s stock valued at $5,298,000 after purchasing an additional 17,893 shares in the last quarter. Spirepoint Private Client LLC bought a new stake in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund during the 3rd quarter valued at $97,000. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund during the 2nd quarter valued at $57,000.

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.