Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG) Shares Pass Above 50 Day Moving Average – Here’s Why

Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty 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.

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

The company has a fifty day simple moving average of $9.55 and a 200-day simple moving average of $9.22.

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

The business also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be given a dividend of $0.0657 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%.

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

Institutional investors have recently bought and sold shares of the stock. Garton & Associates Financial Advisors LLC purchased a new stake in Eaton Vance Tax-Managed Global Diversified Equity Income Fund during the fourth quarter valued at about $25,000. Jessup Wealth Management Inc acquired a new stake in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund during the fourth quarter valued at approximately $27,000. First Horizon Corp acquired a new stake in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund during the fourth quarter valued at approximately $28,000. IFP Advisors Inc lifted its position in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 74.8% in the 2nd quarter. IFP Advisors Inc now owns 2,971 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 1,271 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 53.9% in the 3rd quarter. Geneos Wealth Management Inc. now owns 3,622 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 1,269 shares in the last quarter.

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.