Eaton Vance Tax-Managed Diversified Equity Income Fund of Beneficial Interest (NYSE:ETY) traded today at a new 52-week high of $14.04. This new high was reached on below average trading volume as 127,000 shares traded hands, while the average 30-day volume is approximately 297,000 shares.
Based on a current price of $14.02, Eaton Vance Tax-Managed Diversified Equity Income Fund of Beneficial Interest is currently 0.8% above its average consensus analyst price target of $13.91.
Over the past year, Eaton Vance Tax-Managed Diversified Equity Income Fund of Beneficial Interest has traded in a range of $10.22 to $14.04 and is now at $14.02, 37% above that low.
Eaton Vance Tax-mgd Dvsf Eq Inc Fd is a diversified, closed-end management investment company. Its primary investment objective is to provide current income and gains. The secondary objective of the fund is capital appreciation. It invests in a diversified portfolio of domestic and foreign common stocks with an emphasis on dividend-paying stocks and writes S&P 500 Index call options with respect to a portion of the value of its common stock portfolio to generate current cash flow from the options premium received. Its portfolio of investments consists of the capital markets, banks, internet and direct marketing retail, biotechnology, media, oil, gas, and consumable fuels, and other sectors.
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