Shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund of Beneficial Interest (NYSE:EXG) traded today at $9.66, eclipsing its 52-week high. Approximately 200,000 shares have changed hands today, as compared to an average 30-day volume of 669,000 shares.
The Funds primary investment objective is to provide current income and gains, with a secondary objective of capital appreciation. In pursuing its investment objectives, the Fund will evaluate returns on an after-tax basis, seeking to minimize and defer shareholder federal income taxes. Under normal market conditions, the Funds investment program will consist primarily of owning a diversified portfolio of domestic and foreign common stocks. The Fund will seek to earn high levels of tax-advantaged income and gains by (1) emphasizing investments in stocks that pay dividends that qualify for favourable federal income tax treatment and (2) writing (selling) stock index call options with respect to a portion of its common stock portfolio value.
In the past 52 weeks, Eaton Vance Tax-Managed Global Diversified Equity Income Fund of Beneficial Interest share prices are bracketed by a low of $6.52 and a high of $9.66 and is now at $9.61, 47% above that low price.
Eaton Vance Tax-Managed Global Diversified Equity Income Fund of Beneficial Interest (NYSE:EXG) is currently priced 65.0% above its average consensus analyst price target of $3.37.
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