Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) Share Price Passes Below 200-Day Moving Average – What’s Next?

by · The Cerbat Gem

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT – Get Free Report)’s stock price crossed 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 Stock Up 0.6%

The firm’s 50 day moving average is $24.28 and its two-hundred day moving average is $24.02.

Eaton Vance Tax-Advantaged Dividend Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were paid a dividend of $0.1646 per share. The ex-dividend date was Friday, November 14th. This represents a c) annualized dividend and a dividend yield of 8.1%.

Insider Activity

In related news, Director Aaron Dunn sold 2,035 shares of the firm’s stock in a transaction dated 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 sale, the director directly owned 3 shares in the company, valued at approximately $72.96. This trade represents a 99.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Institutional Trading of Eaton Vance Tax-Advantaged Dividend Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC bought a new position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund during the 3rd quarter worth approximately $51,000. Northwestern Mutual Wealth Management Co. bought a new position in Eaton Vance Tax-Advantaged Dividend Income Fund during the first quarter worth $58,000. Ameritas Advisory Services LLC bought a new position in Eaton Vance Tax-Advantaged Dividend Income Fund during the second quarter worth $65,000. Blue Bell Private Wealth Management LLC increased its holdings in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 247.9% in 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 during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund in the second quarter valued at about $176,000.

About Eaton Vance Tax-Advantaged Dividend Income Fund

(Get Free Report)

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.

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