Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) Stock Crosses Above 50-Day Moving Average of $22.51

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $22.51 and traded as high as $23.40. Eaton Vance Tax-Advantaged Dividend Income Fund shares last traded at $23.40, with a volume of 88,200 shares trading hands.

Eaton Vance Tax-Advantaged Dividend Income Fund Stock Up 0.9 %

The company has a fifty day moving average of $22.55 and a two-hundred day moving average of $21.58.

Eaton Vance Tax-Advantaged Dividend Income Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 21st were paid a $0.1488 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $1.79 dividend on an annualized basis and a yield of 7.57%.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS Group AG boosted its stake in Eaton Vance Tax-Advantaged Dividend Income Fund by 1.0% in the first quarter. UBS Group AG now owns 1,063,029 shares of the closed-end fund’s stock valued at $24,035,000 after acquiring an additional 10,275 shares during the period. Cornerstone Advisors LLC boosted its stake in Eaton Vance Tax-Advantaged Dividend Income Fund by 112.6% in the fourth quarter. Cornerstone Advisors LLC now owns 947,350 shares of the closed-end fund’s stock valued at $21,079,000 after acquiring an additional 501,740 shares during the period. Joel Isaacson & Co. LLC boosted its stake in Eaton Vance Tax-Advantaged Dividend Income Fund by 1.9% in the third quarter. Joel Isaacson & Co. LLC now owns 792,346 shares of the closed-end fund’s stock valued at $16,782,000 after acquiring an additional 14,558 shares during the period. McGowan Group Asset Management Inc. boosted its stake in Eaton Vance Tax-Advantaged Dividend Income Fund by 1.9% in the third quarter. McGowan Group Asset Management Inc. now owns 729,208 shares of the closed-end fund’s stock valued at $15,445,000 after acquiring an additional 13,497 shares during the period. Finally, Karpus Management Inc. boosted its position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 119.5% during the fourth quarter. Karpus Management Inc. now owns 578,381 shares of the closed-end fund’s stock worth $12,869,000 after buying an additional 314,894 shares during the period.

About Eaton Vance Tax-Advantaged Dividend Income Fund

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.