Eaton (NYSE:ETN) Vance Tax-Managed Diversified Equity Income Fund (ETY) has reached a new 52-week high, with its stock price climbing to $15.3, marking a significant milestone for the $2.4 billion fund. InvestingPro data shows the fund offers an attractive 7.8% dividend yield, having maintained dividend payments for 18 consecutive years. This milestone reflects a significant uptrend in the fund's performance, with InvestingPro revealing an impressive 35% year-to-date return and a P/E ratio of 6.12. Investors have shown increased confidence in ETY, as the fund's strategy and management continue to deliver robust results, navigating through the dynamic market conditions to achieve this impressive high. The 52-week high serves as a testament to the fund's resilience and the efficacy of its tax-managed approach to diversified equity income investing. Discover more insights and 6 additional ProTips about ETY on InvestingPro.
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