Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $25.29 and traded as high as $26.46. Eaton Vance Tax-Advantaged Dividend Income Fund shares last traded at $26.37, with a volume of 158,939 shares trading hands.

Eaton Vance Tax-Advantaged Dividend Income Fund Trading Up 0.0%

The stock has a fifty day simple moving average of $25.29 and a 200 day simple moving average of $24.60.

Eaton Vance Tax-Advantaged Dividend Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be issued a $0.1646 dividend. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend is Tuesday, February 17th.

Hedge Funds Weigh In On Eaton Vance Tax-Advantaged Dividend Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Horizon Corp purchased a new stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund during the 4th quarter worth approximately $25,000. Oakworth Capital Inc. purchased a new position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund in the fourth quarter valued at $25,000. Advisory Services Network LLC bought a new stake in Eaton Vance Tax-Advantaged Dividend Income Fund in the third quarter worth $51,000. Blue Bell Private Wealth Management LLC raised its stake in Eaton Vance Tax-Advantaged Dividend Income Fund by 247.9% during the third quarter. Blue Bell Private Wealth Management LLC now owns 3,131 shares of the closed-end fund’s stock valued at $77,000 after purchasing an additional 2,231 shares in the last quarter. Finally, Murphy Middleton Hinkle & Parker Inc. bought a new position in Eaton Vance Tax-Advantaged Dividend Income Fund during the fourth quarter valued at $153,000.

About Eaton Vance Tax-Advantaged Dividend Income Fund

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.