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Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds
Business Wire (Mon, 1-Apr 4:30 PM ET)
Eaton Vance Closed-End Funds Release Estimated Sources of Distributions
Business Wire (Thu, 28-Mar 4:00 PM ET)
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 call options on one or more U.S. and foreign indices 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 Global Com trades on the NYSE stock market under the symbol EXG.
As of April 24, 2024, EXG stock price climbed to $7.93 with 572,842 million shares trading.
EXG has a beta of 0.98, meaning it tends to be less sensitive to market movements. EXG has a correlation of 0.78 to the broad based SPY ETF.
EXG has a market cap of $2.43 billion. This is considered a Mid Cap stock.
In the last 3 years, EXG stock traded as high as $10.81 and as low as $6.78.
EXG stock has underperformed the market in the last year with a return of +12.0%, while SPY returned +24.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in EXG shares. However, EXG has outperformed the market in the last 3 month and 2 week periods, returning +5.3% and -1.7%, while SPY returned +4.6% and -2.7%, respectively. This indicates EXG has been having a stronger performance recently.
EXG support price is $7.84 and resistance is $7.98 (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 EXG stock will trade within this expected range on the day.