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Eaton V.Tax-Advantaged Dividend Inc Fund (NYSE:EVT) Given Buy Rating at Deutsche Bank

Deutsche Bank reiterated their buy rating on shares of Eaton V.Tax-Advantaged Dividend Inc Fund (NYSE:EVT) in a research report sent to investors on Friday, Stock Target Advisor reports. Deutsche Bank currently has a $25.00 price objective on the closed-end fund’s stock.

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Shares of NYSE EVT traded up $0.16 during mid-day trading on Friday, hitting $25.20. The company had a trading volume of 67,659 shares, compared to its average volume of 130,664. The business’s 50-day simple moving average is $24.46 and its 200-day simple moving average is $23.88. Eaton V.Tax-Advantaged Dividend Inc Fund has a 12 month low of $17.45 and a 12 month high of $25.22.

The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 22nd will be paid a $0.145 dividend. This represents a $1.74 annualized dividend and a dividend yield of 6.90%. The ex-dividend date is Thursday, November 21st.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EVT. Wells Fargo & Company MN lifted its stake in shares of Eaton V.Tax-Advantaged Dividend Inc Fund by 6.8% in the second quarter. Wells Fargo & Company MN now owns 552,927 shares of the closed-end fund’s stock valued at $13,159,000 after buying an additional 35,145 shares during the period. Advisor Group Inc. lifted its stake in shares of Eaton V.Tax-Advantaged Dividend Inc Fund by 26.2% in the second quarter. Advisor Group Inc. now owns 141,727 shares of the closed-end fund’s stock valued at $3,374,000 after buying an additional 29,422 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Eaton V.Tax-Advantaged Dividend Inc Fund by 31.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 71,180 shares of the closed-end fund’s stock valued at $1,694,000 after buying an additional 17,197 shares during the period. Invesco Ltd. lifted its stake in shares of Eaton V.Tax-Advantaged Dividend Inc Fund by 138.8% in the second quarter. Invesco Ltd. now owns 28,223 shares of the closed-end fund’s stock valued at $672,000 after buying an additional 16,405 shares during the period. Finally, SMH Capital Advisors Inc. bought a new stake in shares of Eaton V.Tax-Advantaged Dividend Inc Fund in the third quarter valued at about $209,000.

About Eaton V.Tax-Advantaged Dividend Inc 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.

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