The Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE: EVT) has announced a monthly dividend of $0.16 per share, scheduled for distribution on January 30, 2024. This declaration, made on January 2, indicates that shareholders on record as of January 15 will receive this dividend. With this payout, the fund boasts an annualized dividend yield of 7.6%.
Investors are keenly watching the fund’s performance as it continues to attract attention in the market. As of the latest trading session, EVT shares opened at $25.84. Over the past year, the stock has fluctuated, reaching a low of $19.20 and a high of $25.89. The fund’s fifty-day moving average stands at $24.57, while the two-hundred day moving average is at $24.36.
Investment Activity and Shareholder Dynamics
Recent trading activity has seen a mix of hedge funds adjusting their positions in the Eaton Vance Tax-Advantaged Dividend Income Fund. For instance, Focus Partners Wealth increased its holdings by 53.9% during the first quarter, now owning 24,911 shares, valued at approximately $580,000.
In the second quarter, MRA Advisory Group enhanced its stake by 3.5%, bringing its total to 85,401 shares, worth around $2,058,000. Another notable increase came from Wealth Enhancement Advisory Services LLC, which grew its investment by 15.4%, now holding 199,482 shares valued at $4,867,000.
The most striking increase was reported by Kingstone Capital Partners Texas LLC, which expanded its holdings by an astonishing 337,985.8%, now owning a staggering 1,131,099,919 shares valued at approximately $26.28 billion.
Additionally, Johnson & White Wealth Management LLC also raised its stake by 47.7%, currently owning 14,351 shares valued at $346,000.
About Eaton Vance Tax-Advantaged Dividend Income Fund
The Eaton Vance Tax-Advantaged Dividend Income Fund operates as a closed-end management investment company, aiming to deliver a high level of tax-advantaged income and potential capital appreciation to its shareholders. The fund primarily invests in dividend-paying equity securities from both U.S. and foreign companies, focusing on those with a proven record of consistent cash distributions. In addition, it may invest in American depositary receipts and other securities that provide favorable tax treatment for U.S. investors.
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