PNC Financial Services Group Inc. reduced its stake in shares of Eaton Vance Tax Managed Diversified Eq. (NYSE:ETY) by 3.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,416 shares of the investment management company’s stock after selling 1,000 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Eaton Vance Tax Managed Diversified Eq. were worth $365,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. NINE MASTS CAPITAL Ltd bought a new stake in Eaton Vance Tax Managed Diversified Eq. during the second quarter worth approximately $700,000. Bruderman Asset Management LLC bought a new stake in Eaton Vance Tax Managed Diversified Eq. during the second quarter worth approximately $103,000. Ameriprise Financial Inc. increased its stake in Eaton Vance Tax Managed Diversified Eq. by 22.0% during the second quarter. Ameriprise Financial Inc. now owns 68,441 shares of the investment management company’s stock worth $769,000 after acquiring an additional 12,347 shares during the last quarter. Raymond James Trust N.A. increased its stake in Eaton Vance Tax Managed Diversified Eq. by 32.0% during the second quarter. Raymond James Trust N.A. now owns 64,424 shares of the investment management company’s stock worth $726,000 after acquiring an additional 15,600 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in Eaton Vance Tax Managed Diversified Eq. by 12.2% during the second quarter. Wells Fargo & Company MN now owns 471,594 shares of the investment management company’s stock worth $5,319,000 after acquiring an additional 51,415 shares during the last quarter.

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Shares of Eaton Vance Tax Managed Diversified Eq. (NYSE ETY) opened at 11.76 on Friday. The firm’s 50-day moving average price is $11.55 and its 200 day moving average price is $11.41. Eaton Vance Tax Managed Diversified Eq. has a 52 week low of $9.90 and a 52 week high of $11.88.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 24th will be paid a $0.084 dividend. This represents a $1.01 dividend on an annualized basis and a yield of 8.57%. The ex-dividend date of this dividend is Monday, October 23rd.

Separately, Stifel Nicolaus cut Eaton Vance Tax Managed Diversified Eq. from a “buy” rating to a “hold” rating in a research note on Monday, June 26th.

Eaton Vance Tax Managed Diversified Eq. Profile

Eaton Vance Tax-Managed Diversified Equity Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to provide current income and gains, with a secondary objective of capital appreciation. It holds investments in various sectors, such as air freight and logistics, auto components, banks, beverages, biotechnology, capital markets, chemicals, communications equipment, containers and packaging, distributors, diversified telecommunication services, electric utilities, electrical equipment, energy equipment and services, equity real estate investment trusts, food products, healthcare equipment and services, household durables, Internet software and services, machinery, semiconductors and semiconductor equipment, software, specialty retail, tobacco, pharmaceuticals, road and rail, multi-utilities, Internet and direct marketing retail, and information technology services.

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Institutional Ownership by Quarter for Eaton Vance Tax Managed Diversified Eq. (NYSE:ETY)

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