Eaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE:ETG) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Eaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE:ETG)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $22.97 and traded as low as $22.88. Eaton Vance Tax-Advantaged Global Dividend Income Fund shares last traded at $23.08, with a volume of 106,129 shares changing hands.

Eaton Vance Tax-Advantaged Global Dividend Income Fund Stock Performance

The stock has a 50 day moving average price of $22.97 and a two-hundred day moving average price of $21.88.

Eaton Vance Tax-Advantaged Global Dividend Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be given a $0.1293 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend is Tuesday, February 17th.

Insider Buying and Selling

In related news, Portfolio Manager Derek Digregorio sold 1,417 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $22.30, for a total transaction of $31,599.10. Following the sale, the portfolio manager owned 1 shares of the company’s stock, valued at $22.30. This represents a 99.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Morgan Stanley grew its stake in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund by 3.7% in the fourth quarter. Morgan Stanley now owns 2,631,728 shares of the company’s stock worth $60,793,000 after purchasing an additional 94,796 shares during the last quarter. Bank of America Corp DE grew its position in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund by 0.9% in the 2nd quarter. Bank of America Corp DE now owns 1,337,856 shares of the company’s stock valued at $28,015,000 after buying an additional 11,560 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund by 4.6% in the 4th quarter. Wells Fargo & Company MN now owns 719,437 shares of the company’s stock valued at $16,619,000 after buying an additional 31,413 shares during the last quarter. McGowan Group Asset Management Inc. increased its stake in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund by 0.4% in the third quarter. McGowan Group Asset Management Inc. now owns 623,986 shares of the company’s stock valued at $13,185,000 after buying an additional 2,531 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund by 18,053.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 616,507 shares of the company’s stock worth $14,941,000 after acquiring an additional 613,111 shares during the last quarter.

Eaton Vance Tax-Advantaged Global Dividend Income Fund Company Profile

The Eaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE: ETG) is a diversified closed-end management investment company. The fund seeks to provide monthly distributions with the potential for long-term total return, emphasizing high-quality income-producing equity securities from issuers around the world while aiming to enhance after-tax yield for shareholders.

ETG’s portfolio is composed primarily of dividend-paying common stocks, preferred stocks, securities convertible into equity shares, and American Depositary Receipts across developed and emerging markets.