John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Share Price Crosses Below 50-Day Moving Average – Here’s Why

Shares of John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $24.99 and traded as low as $24.65. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $24.87, with a volume of 72,268 shares trading hands.

John Hancock Tax-Advantaged Dividend Income Fund Stock Performance

The business has a 50 day moving average of $25.01 and a two-hundred day moving average of $24.56.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 12th were given a dividend of $0.158 per share. The ex-dividend date of this dividend was Thursday, March 12th. This represents a c) dividend on an annualized basis and a yield of 7.6%.

Institutional Investors Weigh In On John Hancock Tax-Advantaged Dividend Income Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mutual Advisors LLC grew its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 1.7% during the fourth quarter. Mutual Advisors LLC now owns 24,834 shares of the company’s stock worth $588,000 after acquiring an additional 418 shares during the last quarter. Ameriflex Group Inc. raised its position in shares of John Hancock Tax-Advantaged Dividend Income Fund by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 1,000 shares of the company’s stock valued at $25,000 after purchasing an additional 500 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in John Hancock Tax-Advantaged Dividend Income Fund by 8.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,500 shares of the company’s stock worth $154,000 after purchasing an additional 500 shares in the last quarter. Royal Bank of Canada grew its position in John Hancock Tax-Advantaged Dividend Income Fund by 0.4% during the 1st quarter. Royal Bank of Canada now owns 165,634 shares of the company’s stock worth $3,964,000 after purchasing an additional 708 shares during the last quarter. Finally, Spire Wealth Management grew its position in John Hancock Tax-Advantaged Dividend Income Fund by 2.6% during the 4th quarter. Spire Wealth Management now owns 31,846 shares of the company’s stock worth $753,000 after purchasing an additional 796 shares during the last quarter.

About John Hancock Tax-Advantaged Dividend Income Fund

John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) is a closed-end management investment company sponsored by John Hancock Investment Management, a division of Manulife Investment Management. The fund seeks to provide investors with tax-advantaged monthly income and the potential for capital appreciation by investing in a diversified portfolio of dividend-paying equities and taxable debt securities. It trades on the New York Stock Exchange under the ticker HTD and is structured to offer enhanced income opportunities compared to traditional equity or bond portfolios.

The fund’s primary investment strategy combines equity and fixed-income exposure.