Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) Stock Price Passes Below 200-Day Moving Average of $21.87

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $21.87 and traded as low as $20.09. Eaton Vance Tax-Advantaged Dividend Income Fund shares last traded at $20.38, with a volume of 117,886 shares.

Eaton Vance Tax-Advantaged Dividend Income Fund Trading Up 2.7 %

The stock’s 50-day simple moving average is $20.74 and its two-hundred day simple moving average is $21.87.

Eaton Vance Tax-Advantaged Dividend Income Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 22nd will be paid a $0.1488 dividend. This is a positive change from Eaton Vance Tax-Advantaged Dividend Income Fund’s previous monthly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $1.79 annualized dividend and a dividend yield of 8.76%.

Institutional Trading of Eaton Vance Tax-Advantaged Dividend Income Fund

Several hedge funds have recently added to or reduced their stakes in the company. McGowan Group Asset Management Inc. boosted its position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 1.9% during the 3rd quarter. McGowan Group Asset Management Inc. now owns 729,208 shares of the closed-end fund’s stock worth $15,445,000 after purchasing an additional 13,497 shares in the last quarter. Stifel Financial Corp grew its position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 56.6% during the third quarter. Stifel Financial Corp now owns 75,209 shares of the closed-end fund’s stock worth $1,593,000 after buying an additional 27,174 shares in the last quarter. Invesco Ltd. grew its position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 2.8% during the third quarter. Invesco Ltd. now owns 21,845 shares of the closed-end fund’s stock worth $463,000 after buying an additional 592 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund during the third quarter worth approximately $857,000. Finally, PNC Financial Services Group Inc. grew its position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 15.1% during the third quarter. PNC Financial Services Group Inc. now owns 10,186 shares of the closed-end fund’s stock worth $216,000 after buying an additional 1,335 shares in the last quarter.

About Eaton Vance Tax-Advantaged Dividend Income Fund

Eaton Vance Tax-Advantaged Dividend Income Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across the diversified sectors. The fund primarily invests in dividend paying value stocks of companies that qualify for favorable federal income tax treatment.