Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) Stock Price Passes Above 50-Day Moving Average – Here’s Why

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $24.60 and traded as high as $25.91. Eaton Vance Tax-Advantaged Dividend Income Fund shares last traded at $25.8750, with a volume of 84,867 shares traded.

Eaton Vance Tax-Advantaged Dividend Income Fund Price Performance

The firm has a 50-day moving average price of $24.60 and a two-hundred day moving average price of $24.37.

Eaton Vance Tax-Advantaged Dividend Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be given a $0.1646 dividend. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date is Thursday, January 15th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Kovack Advisors Inc. bought a new stake in Eaton Vance Tax-Advantaged Dividend Income Fund in the 2nd quarter valued at $413,000. Wolverine Asset Management LLC boosted its position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 8.4% during the 2nd quarter. Wolverine Asset Management LLC now owns 69,057 shares of the closed-end fund’s stock valued at $1,664,000 after acquiring an additional 5,332 shares in the last quarter. Spire Wealth Management increased its stake in Eaton Vance Tax-Advantaged Dividend Income Fund by 4.8% in the second quarter. Spire Wealth Management now owns 113,200 shares of the closed-end fund’s stock valued at $2,728,000 after acquiring an additional 5,173 shares during the period. Allspring Global Investments Holdings LLC raised its position in Eaton Vance Tax-Advantaged Dividend Income Fund by 101.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 29,519 shares of the closed-end fund’s stock worth $711,000 after purchasing an additional 14,843 shares in the last quarter. Finally, Atria Wealth Solutions Inc. raised its position in Eaton Vance Tax-Advantaged Dividend Income Fund by 17.7% in the second quarter. Atria Wealth Solutions Inc. now owns 13,712 shares of the closed-end fund’s stock worth $330,000 after purchasing an additional 2,064 shares in the last quarter.

Eaton Vance Tax-Advantaged Dividend Income Fund Company Profile

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE: EVT) is a closed-end management investment company that seeks to provide shareholders with a high level of tax-advantaged income and the potential for capital appreciation. The fund pursues its investment objective by primarily acquiring dividend-paying equity securities of U.S. and foreign companies, with a focus on businesses that have demonstrated a track record of consistent cash distributions. EVT may also invest in American depositary receipts and other securities that offer favorable tax treatment for U.S.