Eaton (NYSE: ) Vance Tax Managed Diversified Equity Income Fund ( ETY ) hit a new 52-week high, pushing its stock price to $15.33. The $2.41 billion fund currently offers an attractive dividend yield of 7.81% and trades at a P/E ratio of 6.14. This milestone reflects significant growth in the fund’s performance, with an impressive 34.79% year-to-date gain. Investors have shown increased confidence in ETY as the fund’s strategy and management continue to effectively navigate a complex market environment. InvestingPro’s analysis reveals two key strengths: the fund’s historically low price volatility and consistent dividend payments for 18 consecutive years, with additional insights available to subscribers. The 52-week high points to the fund’s sustainability and growth potential as it outperforms expectations and delivers value to its shareholders through both price appreciation and consistent income distribution.
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