ETY: It May Be Wise To Be Cautious Over The Next Few Months [Seeking Alpha]
Eaton Vance Tax-Managed Diversified Equity Income Fund Common Shares of Beneficial Interest, (ETY)
US:NYSE Investor Relations:
funds.eatonvance.com/tax-advantaged-dividend-income-fund-evt.php
Company Research
Source: Seeking Alpha
1 Comment Power Hedge Investing Group Leader Follow Play 23min Summary Eaton Vance Tax-Managed Diversified Equity Income Fund offers an attractive 8.30% yield, higher than most major equity or bond indices, appealing to income-focused investors. The ETY closed-end fund's yield suggests market confidence in its sustainability, primarily achieved through an options strategy on equity securities, despite not being the highest among peers. The fund's recent performance has slightly lagged the S&P 500 Index due to its options strategy but outperformed when considering distributions, making it a strong income-generating investment. Potential risks include election uncertainty affecting options strategy and significant exposure to Apple, which may face consumer spending challenges, warranting cautious investment. The fund is currently trading at a discount that is in line with its one-month average. Looking for a helping hand in the market? Members of Energy Profits
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Sec Filings
- 10/10/24 - Form 424B3
- 10/10/24 - Form 8-K
- 9/27/24 - Form NPORT-P
- ETY's page on the SEC website