By Market News Video Staff, Tuesday, November 23, 12:28 PM ET
Eaton Vance (NYSE:EV) posted fiscal fourth quarter earnings today of $50.3 million, or $0.41 per share, compared to $41.8 million, or $0.34 per share, in the same quarter last year. Revenue rose to $303.6 million, compared to $273 million last year as both the top and bottom line topped expectations.
Shares of EV were initially trading higher this morning, but have since slumped with the general markets.
Eaton Vance accounts for 1.44% of the SPDR S&P Dividend ETF (AMEX:SDY). CenturyLink (NYSE:CTL) is the top holding in the fund, as it yields nearly 7% and accounts for 3.75% of the portfolio. Pitney Bowes (NYSE:PBI) comes in at 3.46% followed by Cincinnati Financial (NASDAQ:CINF) at 3.42%.
The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors — anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors, commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow the performance trail wherever it leads us.
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