ETY Stock Summary and Trading Ideas (Ev Tax-Managed Diversified Equity Income | NYSE:ETY)

The Fund’s primary investment objective is to provide current income and gains, with a secondary objective of capital appreciation. The Fund invests in a diversified portfolio of domestic and foreign common stocks with an emphasis on dividend paying stocks and writes (sells) S&P 500 Index call options with respect to a portion of the value of its common stock portfolio to generate current cash flow from the options premium received. The Fund evaluates returns on an after tax basis and seeks to minimize and defer federal income taxes incurred by shareholders in connection with their investment in the Fund.

Ev Tax-Managed Diversified Equity Income trades on the NYSE stock market under the symbol ETY.

As of April 18, 2024, ETY stock price climbed to $12.86 with 226,223 million shares trading.

ETY has a beta of 1.09, meaning it tends to be more sensitive to market movements. ETY has a correlation of 0.78 to the broad based SPY ETF.

ETY has a market cap of $2.02 billion. This is considered a Mid Cap stock.

In the last 3 years, ETY stock traded as high as $15.06 and as low as $10.59.

ETY stock has underperformed the market in the last year with a return of +18.2%, while SPY returned +22.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ETY shares. However, ETY has outperformed the market in the last 3 month and 2 week periods, returning +7.2% and -2.4%, while SPY returned +5.2% and -2.6%, respectively. This indicates ETY has been having a stronger performance recently.

ETY support price is $12.73 and resistance is $12.97 (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 ETY stock will trade within this expected range on the day.