Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) Share Price 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 Friday . The stock has a 50 day moving average of $24.44 and traded as high as $25.34. Eaton Vance Tax-Advantaged Dividend Income Fund shares last traded at $25.2710, with a volume of 216,894 shares trading hands.

Eaton Vance Tax-Advantaged Dividend Income Fund Trading Up 0.4%

The stock has a fifty day moving average of $24.44 and a 200-day moving average of $24.26.

Eaton Vance Tax-Advantaged Dividend Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were paid a dividend of $0.1646 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend was Monday, December 15th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EVT. Concurrent Investment Advisors LLC raised its position in Eaton Vance Tax-Advantaged Dividend Income Fund by 14.8% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 11,511 shares of the closed-end fund’s stock valued at $277,000 after purchasing an additional 1,480 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 0.7% during the second quarter. Stratos Wealth Partners LTD. now owns 342,599 shares of the closed-end fund’s stock valued at $8,257,000 after buying an additional 2,290 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 2.0% during the second quarter. Janney Montgomery Scott LLC now owns 48,380 shares of the closed-end fund’s stock valued at $1,166,000 after buying an additional 935 shares during the period. Ameritas Advisory Services LLC purchased a new stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund in the 2nd quarter worth approximately $65,000. Finally, Financial Security Advisor Inc. boosted its stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 9.1% during the second quarter. Financial Security Advisor Inc. now owns 12,000 shares of the closed-end fund’s stock valued at $289,000 after purchasing an additional 1,000 shares in the last quarter.

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.