Tag: closed end funds
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Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (ETO) increases dividend by 26%
Eaton Vance Tax-Advantaged Global Dividend Opportunties Fund (ETO) is a closed end fund. Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund is a closed ended equity mutual fund launched and managed by Eaton Vance Management. It invests in public equity markets across the globe. The fund seeks to invest in the stocks of companies operating across…
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Closed-end funds hit hard by down market
A Pacific Investment Management Co. California municipal-bond fund slashed dividends by 45% this month, while a Nuveen LLC stock fund endured a 7% cut. Eaton Vance Management in November cut distributions across six stock funds by as much as 24%. Six BlackRock muni funds endured at least two payout cuts last year, with dividends falling by as much as…
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Profit taking to take advantage of some losses
Yesterday I wrote how I closed out positions in two PIMCO funds. Specifically I closed out symbols PCKTX and PONPX. The money from those funds went into two closed end funds also from PIMCO. Those symbols are PCN and PFN. You can reference yesterday’s post for more details. The value of those funds declined significantly…
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Making changes to my Medium Yield Portfolio
I made an investment last year into PIMCO StocksPlus Small Fund (PCKTX). I didn’t understand it much (that should have been my first clue to not invest) but the dividend yield was around 17% at the time and I decided to take the plunge. I knew full well a dividend of that size would mean…