Formidable Asset Management Lowers stake in Eaton V.Tax-Advantaged Dividend Inc Fund (EVT)

Eaton V.Tax-Advantaged Dividend Inc Fund (EVT) : Formidable Asset Management reduced its stake in Eaton V.Tax-Advantaged Dividend Inc Fund by 4.72% during the most recent quarter end. The investment management company now holds a total of 342,192 shares of Eaton V.Tax-Advantaged Dividend Inc Fund which is valued at $6,785,667 after selling 16,939 shares in Eaton V.Tax-Advantaged Dividend Inc Fund , the firm said in a disclosure report filed with the SEC on May 10, 2016.Eaton V.Tax-Advantaged Dividend Inc Fund makes up approximately 4.85% of Formidable Asset Management’s portfolio.

Other Hedge Funds, Including , Janney Montgomery Scott boosted its stake in EVT in the latest quarter, The investment management firm added 1,897 additional shares and now holds a total of 22,317 shares of Eaton V.Tax-Advantaged Dividend Inc Fund which is valued at $442,546. Eaton V.Tax-Advantaged Dividend Inc Fund makes up approx 0.01% of Janney Montgomery Scott’s portfolio. Allegis Investment Advisors sold out all of its stake in EVT during the most recent quarter. The investment firm sold 320 shares of EVT which is valued $6,346.Lourd Capital boosted its stake in EVT in the latest quarter, The investment management firm added 255 additional shares and now holds a total of 14,674 shares of Eaton V.Tax-Advantaged Dividend Inc Fund which is valued at $298,322. Eaton V.Tax-Advantaged Dividend Inc Fund makes up approx 0.03% of Lourd Capital’s portfolio.

Eaton V.Tax-Advantaged Dividend Inc Fund opened for trading at $19.83 and hit $20.06 on the upside on Monday, eventually ending the session at $19.98, with a gain of 0.76% or 0.15 points. The heightened volatility saw the trading volume jump to 2,15,581 shares. Company has a market cap of $1,455 M.

Eaton Vance Tax-Advantaged Dividend Income Fund (the Fund) is a diversified closed-end fund. The Fund’s investment objective is to provide a high level of after-tax total return consisting of tax-advantaged dividend income and capital appreciation. The Fund pursues its objective by investing its assets in dividend-paying common and preferred stocks. The Fund pursues its objective by investing in dividend-paying common and preferred stocks. The Fund investment portfolio include consumer discretionary consumer staples energy financials health care industrials information technology materials telecommunication services and utilities. The Fund may also invest in Eaton Vance Cash Reserves Fund LLC (Cash Reserves Fund) an affiliated investment company managed by Eaton Vance Management (EVM). EVM acts as investment adviser and administrator of the Fund.

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