Eaton V.Tax-Advantaged Dividend Inc Fund (NYSE:EVT) Rating Reiterated by Deutsche Bank

Eaton V.Tax-Advantaged Dividend Inc Fund (NYSE:EVT)‘s stock had its “buy” rating reiterated by investment analysts at Deutsche Bank in a note issued to investors on Friday, Stock Target Advisor reports. They presently have a $25.00 target price on the closed-end fund’s stock. Deutsche Bank’s target price would suggest a potential downside of 0.79% from the company’s previous close.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. AE Wealth Management LLC increased its stake in Eaton V.Tax-Advantaged Dividend Inc Fund by 2.9% in the 3rd quarter. AE Wealth Management LLC now owns 91,915 shares of the closed-end fund’s stock valued at $2,258,000 after buying an additional 2,560 shares during the period. First Trust Advisors LP grew its stake in shares of Eaton V.Tax-Advantaged Dividend Inc Fund by 1.5% during the 3rd quarter. First Trust Advisors LP now owns 191,199 shares of the closed-end fund’s stock worth $4,698,000 after purchasing an additional 2,832 shares during the period. Cullen Frost Bankers Inc. acquired a new position in shares of Eaton V.Tax-Advantaged Dividend Inc Fund during the 3rd quarter worth $58,000. Creative Planning grew its stake in shares of Eaton V.Tax-Advantaged Dividend Inc Fund by 3.9% during the 3rd quarter. Creative Planning now owns 23,172 shares of the closed-end fund’s stock worth $569,000 after purchasing an additional 872 shares during the period. Finally, SMH Capital Advisors Inc. acquired a new position in shares of Eaton V.Tax-Advantaged Dividend Inc Fund during the 3rd quarter worth $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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