ducovest

ETY:NYE-Eaton Vance Tax-Managed Diversified Equity Income Fund of Beneficial Interest (USD)

ETF | Utilities - Regulated Electric | New York Stock Exchange

Last Closing

USD 14.05

Change

0.00 (0.00)%

Market Cap

USD 1.55B

Volume

0.17M

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

The Fund seeks to generate current earnings from dividends on stocks held and from option premiums. Under normal market conditions, the Fund will invest at least 80% of its total assets in a combination of: 1. Dividend-paying common stocks, primarily in common stocks of United States issuers, but may invest up to 40% of its assets in common stocks of foreign issuers, including up to 5% of its total assets in securities of issuers located in emerging markets; 2. Common stocks the value of which is subject to covered written index call options. The Fund intends initially to write call options on the S&P 500 Composite Stock Price Index(R), and may also initially write call options on other domestic and foreign stock indices. The Fund will emphasize investments in stocks that pay dividends that qualify for federal income taxation at rates applicable to long-term capital gains, and will seek to enhance the level of tax-advantaged dividend income it receives by engaging in dividend capture trading.

Company Website : www.eatonvance.com

Currency: USD

Country : USA

Inception Date: 27/11/2006

Primary Benchmark: S&P 500 TR USD

Primary Index: S&P 500 TR USD

Gross Expense Ratio: 1.07%

Management Expense Ratio:

Unadjusted Closing Price

Adjusted Closing Price

Assets

N/A

Top Holdings

N/A

Top Sectors

N/A

Top Regions

N/A

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-07-01 )

Largest Industry Peers for Utilities - Regulated Electric

Symbol Name Mer Price(Change) Market Cap
NEE Nextera Energy Inc 0.00 %

+1.36 (+1.93%)

 USD 148.65B
NEE-PR Nextera Energy Inc 0.00 %

+0.66 (+1.59%)

 USD 103.76B
SO Southern Company 0.00 %

+0.17 (+0.22%)

 USD 85.79B
DUK Duke Energy Corporation 0.00 %

+0.03 (+0.03%)

 USD 78.34B
DUK-PA Duke Energy Corporation 0.00 %

+0.14 (+0.56%)

 USD 61.51B
NGG National Grid PLC ADR 0.00 %

+1.67 (+2.91%)

 USD 54.59B
PCG PG&E Corp 0.00 %

+0.14 (+0.82%)

 USD 45.66B
D Dominion Energy Inc 0.00 %

+0.67 (+1.38%)

 USD 41.79B
PEG Public Service Enterprise Grou.. 0.00 %

+0.41 (+0.56%)

 USD 36.36B
ED Consolidated Edison Inc 0.00 %

-0.26 (-0.29%)

 USD 31.24B

ETFs Containing ETY

PCEF Invesco CEF Income Compos.. 2.68 % 0.50 %

+0.09 (+0.48%)

 USD 0.75B

Market Performance

  Market Performance vs. Industry/Classification (Utilities - Regulated Electric) Market Performance vs. Exchange (New York Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 15.26% 97% N/A 86% B+
Dividend Return 4.42% 91% A- 89% A-
Total Return 19.68% 97% N/A 89% A-
Trailing 12 Months  
Capital Gain 13.40% 92% A 72% C
Dividend Return 8.25% 94% A 88% B+
Total Return 21.65% 95% A 79% B-
Trailing 5 Years  
Capital Gain 16.12% 89% A- 60% D-
Dividend Return 42.61% 100% F 95% A
Total Return 58.73% 97% N/A 75% C
Average Annual (5 Year Horizon)  
Capital Gain 3.52% 73% C 55% F
Dividend Return 11.90% 85% B 70% C-
Total Return 8.37% 100% F 93% A
Risk Return Profile  
Volatility (Standard Deviation) 17.91% 30% F 56% F
Risk Adjusted Return 66.41% 90% A- 86% B+
Market Capitalization 1.55B 47% F 89% A-

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

High dividend returns

The stock has outperformed its sector peers on average annual dividend returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile. This can be a good buy, especially if it is outperforming on total return basis , for investors seeking high income yields.

Superior total returns

The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Underpriced on free cash flow basis

The stock is trading low compared to its peers on a price to free cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

What to not like:
High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.