ETO Stock Summary and Trading Ideas (Ev Tax-Advantage Global Dividend Opp | NYSE:ETO)

The Fund’s investment objective is to provide a high level of after-tax total return. The Fund invests primarily in global dividend-paying common and preferred stocks and seeks to distribute a high level of divided income that qualifies for favorable federal income tax treatment. The Fund employs a value style, and may emphasize investments in common stocks of issuers whose business are related to “hard assets,” such as energy, other natural resources during periods of high inflation or rising concerns about inflation.

Ev Tax-Advantage Global Dividend Opp trades on the NYSE stock market under the symbol ETO.

As of April 18, 2024, ETO stock price was flat at $23.87 with 8,345 million shares trading.

ETO has a beta of 1.13, meaning it tends to be more sensitive to market movements. ETO has a correlation of 0.83 to the broad based SPY ETF.

ETO has a market cap of $391.18 million. This is considered a Small Cap stock.

In the last 3 years, ETO stock traded as high as $34.68 and as low as $19.57.

ETO has underperformed the market in the last year with a return of +14.0%, while the SPY ETF gained +22.3%. In the last 3 month period, ETO fell short of the market, returning +3.5%, while SPY returned +6.1%. However, in the most recent 2 weeks ETO has outperformed the stock market by returning -3.0%, while SPY returned -3.8%.

ETO support price is $23.61 and resistance is $24.13 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ETO stock will trade within this expected range on the day.