Eaton (NYSE:ETN) Vance Tax-Managed Diversified Equity Income Fund (ETY) stock has reached a new 52-week high, trading at $14.61. This milestone reflects a significant uptrend in the fund's performance, marking a notable achievement for investors and the fund management team. Over the past year, ETY has seen an impressive 1-year change, with a 26.17% increase in value. This robust growth underscores the fund's successful strategy and strong market position, as it continues to attract investor interest with its diversified portfolio and tax-managed approach to equity income.
InvestingPro Insights
Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) continues to demonstrate strong performance, as evidenced by its recent 52-week high. InvestingPro data reveals that ETY is currently trading at 99.59% of its 52-week high, confirming the article's observation of the fund's upward trajectory. This aligns with an InvestingPro Tip indicating that ETY is "Trading near 52-week high."
The fund's attractiveness to investors is further bolstered by its dividend yield, which stands at an impressive 8.22% according to InvestingPro data. This substantial yield is complemented by an InvestingPro Tip highlighting that ETY "Pays a significant dividend to shareholders" and "Has maintained dividend payments for 18 consecutive years." These factors likely contribute to the fund's appeal for income-focused investors.
While the article mentions a 26.17% increase over the past year, InvestingPro data shows an even more impressive 1 Year Price Total Return of 36.4%, suggesting that the fund's performance may have exceeded expectations since the article was written.
For investors seeking additional insights, InvestingPro offers 6 more tips about ETY, providing a comprehensive analysis of the fund's financial health and market position.
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