Advisors Asset Management Inc. decreased its stake in Eaton Vance Tax Managed Diversified Eq. (NYSE:ETY) by 37.8% during the second quarter, Holdings Channel reports. The institutional investor owned 700,583 shares of the investment management company’s stock after selling 426,018 shares during the period. Advisors Asset Management Inc.’s holdings in Eaton Vance Tax Managed Diversified Eq. were worth $7,903,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Pointe Capital Management LLC boosted its stake in shares of Eaton Vance Tax Managed Diversified Eq. by 4.3% in the second quarter. Pointe Capital Management LLC now owns 383,996 shares of the investment management company’s stock valued at $4,331,000 after buying an additional 15,751 shares in the last quarter. HL Financial Services LLC boosted its stake in shares of Eaton Vance Tax Managed Diversified Eq. by 7.3% in the second quarter. HL Financial Services LLC now owns 14,789 shares of the investment management company’s stock valued at $167,000 after buying an additional 1,000 shares in the last quarter. Wedbush Securities Inc. boosted its stake in shares of Eaton Vance Tax Managed Diversified Eq. by 10.6% in the second quarter. Wedbush Securities Inc. now owns 13,435 shares of the investment management company’s stock valued at $152,000 after buying an additional 1,293 shares in the last quarter. Finally, Carnick & Kubik Group LLC boosted its position in shares of Eaton Vance Tax Managed Diversified Eq. by 5.5% in the second quarter. Carnick & Kubik Group LLC now owns 10,600 shares of the investment management company’s stock worth $120,000 after buying an additional 550 shares in the last quarter.

Eaton Vance Tax Managed Diversified Eq. (NYSE:ETY) opened at 11.27 on Wednesday. The company’s 50-day moving average is $11.47 and its 200-day moving average is $11.25. Eaton Vance Tax Managed Diversified Eq. has a one year low of $9.90 and a one year high of $11.80.

The company also recently announced a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 24th will be given a dividend of $0.084 per share. This represents a $1.01 dividend on an annualized basis and a yield of 8.94%. The ex-dividend date of this dividend is Tuesday, August 22nd.

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

Eaton Vance Tax Managed Diversified Eq. Company 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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