Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) Stock Passes Below 200-Day Moving Average – Here’s What Happened

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $24.01 and traded as low as $23.84. Eaton Vance Tax-Advantaged Dividend Income Fund shares last traded at $24.3140, with a volume of 127,766 shares changing hands.

Eaton Vance Tax-Advantaged Dividend Income Fund Trading Up 1.7%

The firm has a fifty day moving average of $24.28 and a 200-day moving average of $24.01.

Eaton Vance Tax-Advantaged Dividend Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be issued a $0.1646 dividend. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend is Friday, November 14th.

Insider Buying and Selling at Eaton Vance Tax-Advantaged Dividend Income Fund

In related news, Director Aaron Dunn sold 2,035 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $24.32, for a total value of $49,491.20. Following the completion of the transaction, the director directly owned 3 shares of the company’s stock, valued at approximately $72.96. This trade represents a 99.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Trading of Eaton Vance Tax-Advantaged Dividend Income Fund

A number of large investors have recently added to or reduced their stakes in EVT. HighTower Advisors LLC lifted its stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 1.2% during the 1st quarter. HighTower Advisors LLC now owns 49,615 shares of the closed-end fund’s stock worth $1,155,000 after buying an additional 592 shares during the last quarter. Virtu Financial LLC bought a new position in Eaton Vance Tax-Advantaged Dividend Income Fund in the 1st quarter valued at about $285,000. PNC Financial Services Group Inc. lifted its position in Eaton Vance Tax-Advantaged Dividend Income Fund by 3.6% during the first quarter. PNC Financial Services Group Inc. now owns 21,662 shares of the closed-end fund’s stock worth $504,000 after acquiring an additional 750 shares during the last quarter. Meridian Wealth Management LLC boosted its holdings in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 18.9% during the first quarter. Meridian Wealth Management LLC now owns 33,792 shares of the closed-end fund’s stock worth $786,000 after acquiring an additional 5,373 shares during the period. Finally, Wolverine Asset Management LLC acquired a new position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund in the first quarter valued at approximately $1,483,000.

Eaton Vance Tax-Advantaged Dividend Income Fund Company Profile

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.