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

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) shares crossed below its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $24.00 and traded as low as $22.27. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $22.2940, with a volume of 91,272 shares trading hands.

John Hancock Tax-Advantaged Dividend Income Fund Trading Up 0.4%

The stock’s 50 day moving average price is $23.88 and its 200 day moving average price is $24.92.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, October 13th will be issued a $0.1580 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 8.4%. The ex-dividend date is Tuesday, October 13th.

Hedge Funds Weigh In On John Hancock Tax-Advantaged Dividend Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers grew its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 11.5% during the 1st quarter. Cetera Investment Advisers now owns 224,195 shares of the company’s stock valued at $5,553,000 after buying an additional 23,201 shares during the period. First Trust Advisors LP increased its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 6.3% during the 1st quarter. First Trust Advisors LP now owns 151,813 shares of the company’s stock worth $3,760,000 after buying an additional 8,935 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 3.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 91,117 shares of the company’s stock worth $2,257,000 after buying an additional 3,064 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of John Hancock Tax-Advantaged Dividend Income Fund by 211.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 43,996 shares of the company’s stock worth $1,121,000 after buying an additional 29,867 shares during the period. Finally, Shaker Financial Services LLC purchased a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 3rd quarter worth $1,062,000.

John Hancock Tax-Advantaged Dividend Income Fund Company Profile

John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) is a closed-end investment fund designed to provide investors with a high level of current income that is generally eligible for favorable tax treatment, along with the opportunity for long-term capital appreciation.

The fund invests primarily in dividend-paying securities, including common stocks and preferred securities. Its portfolio has historically emphasized companies in utility and other income-oriented sectors, while also maintaining exposure to financial services and other industries.