Eaton V.Tax-Advantaged Dividend Inc Fund’s (EVT) “Buy” Rating Reiterated at Deutsche Bank

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

Shares of NYSE EVT opened at $25.20 on Friday. The firm has a fifty day moving average price of $24.46 and a 200-day moving average price of $23.88. Eaton V.Tax-Advantaged Dividend Inc Fund has a 1 year low of $17.45 and a 1 year high of $25.22.

A number of institutional investors and hedge funds have recently bought and sold shares of EVT. Ibex Wealth Advisors purchased a new position in Eaton V.Tax-Advantaged Dividend Inc Fund during the second quarter valued at $34,000. Venturi Wealth Management LLC purchased a new position in Eaton V.Tax-Advantaged Dividend Inc Fund during the third quarter valued at $37,000. Kavar Capital Partners LLC purchased a new position in Eaton V.Tax-Advantaged Dividend Inc Fund during the second quarter valued at $41,000. Liberty Wealth Management LLC purchased a new position in Eaton V.Tax-Advantaged Dividend Inc Fund during the second quarter valued at $47,000. Finally, NEXT Financial Group Inc grew its stake in Eaton V.Tax-Advantaged Dividend Inc Fund by 1,785.7% during the second quarter. NEXT Financial Group Inc now owns 1,980 shares of the closed-end fund’s stock valued at $47,000 after acquiring an additional 1,875 shares in the last quarter.

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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