Dollar rebounds despite Fed independence worries; euro slips
Eaton (NYSE:ETN) Vance Tax Managed Diversified Equity Income Fund (ETY) stock reached a notable milestone, hitting a 52-week high of $15.70. With a market capitalization of $2.47 billion and an impressive dividend yield of 7.62%, the fund has caught investors’ attention. InvestingPro data reveals the fund maintains a "GOOD" overall financial health score of 2.6. This marks a significant achievement for the stock, reflecting a strong performance over the past year. The fund has delivered an impressive 18.02% total return over the past year, with a 6-month return of 9.7%, underscoring its resilience and appeal to investors seeking income and growth opportunities. The recent peak highlights the stock’s upward trajectory and investor confidence in its diversified approach to managing tax-efficient income. InvestingPro subscribers can access additional insights, including 7 more exclusive ProTips about ETY’s performance and outlook.
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