Insider Buying Sparks Interest in Eaton Vance Funds

Insider buying indicates potential growth. Keith Quinton, a notable insider, recently purchased significant shares in Eaton Vance funds, suggesting confidence in future performance.

Date: 21-02-2025

AI Rating: 6

Insider Buying Indication
Insider purchases can often signal valuable insights into a company's future performance, as insiders typically buy shares when they anticipate growth. In this report, we see that Keith Quinton made two notable stock purchases, which might positively influence the sentiment towards the respective funds.

At the Eaton Vance Tax-Advantaged Dividend Income Fund (EVT), Quinton purchased 8,000 shares at $24.24 each, totaling $193,920. Although EVT is trading down about 0.5% on Friday, the insider buy could be interpreted positively by investors looking for indications of future upticks.

Furthermore, at the Eaton Vance Tax-Advantaged Global Dividend Income Fund (ETG), Quinton acquired 10,000 shares at $19.14 each, totaling $191,400. ETG's slight gain of 0.2% on Friday and Quinton’s current profit of 0.4% from the day’s trading high indicate favorable market reception. The insider buying suggests a commitment to the funds’ potential performance growth, which could attract more investor interest moving forward.

Stocks: EVT ETG