Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG) Stock Crosses Above 50 Day Moving Average of $8.04

Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $8.04 and traded as high as $8.30. Eaton Vance Tax-Managed Global Diversified Equity Income Fund shares last traded at $8.29, with a volume of 377,406 shares.

Eaton Vance Tax-Managed Global Diversified Equity Income Fund Stock Up 0.9 %

The stock has a 50 day simple moving average of $8.04 and a 200 day simple moving average of $7.77.

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

The firm also recently declared a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 24th will be given a $0.0657 dividend. This represents a $0.79 annualized dividend and a yield of 9.52%. The ex-dividend date of this dividend is Thursday, May 23rd.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Spire Wealth Management increased its position in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 12.4% during the third quarter. Spire Wealth Management now owns 16,039 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 1,767 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its holdings in Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 2.7% during the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 67,909 shares of the financial services provider’s stock worth $500,000 after purchasing an additional 1,782 shares in the last quarter. NBC Securities Inc. purchased a new stake in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund in the third quarter worth approximately $58,000. Avantax Advisory Services Inc. lifted its holdings in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 4.6% in the third quarter. Avantax Advisory Services Inc. now owns 470,004 shares of the financial services provider’s stock valued at $3,464,000 after purchasing an additional 20,568 shares in the last quarter. Finally, Sax Wealth Advisors LLC purchased a new position in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund during the third quarter valued at approximately $82,000.

About Eaton Vance Tax-Managed Global Diversified Equity Income Fund

Eaton Vance Tax-Managed Global Diversified Equity Income Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies.