John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Stock Passes Below Fifty Day Moving Average of $19.20

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $19.20 and traded as low as $18.96. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $19.07, with a volume of 90,489 shares traded.

John Hancock Tax-Advantaged Dividend Income Fund Trading Down 0.8 %

The business’s fifty day simple moving average is $19.20 and its 200 day simple moving average is $18.50.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, April 11th will be issued a dividend of $0.138 per share. This represents a $1.66 dividend on an annualized basis and a yield of 8.76%. The ex-dividend date of this dividend is Wednesday, April 10th.

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

A number of hedge funds have recently added to or reduced their stakes in HTD. Blue Bell Private Wealth Management LLC bought a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the 4th quarter worth about $27,000. Creekmur Asset Management LLC acquired a new position in John Hancock Tax-Advantaged Dividend Income Fund during the 4th quarter valued at about $30,000. Tyler Stone Wealth Management acquired a new position in John Hancock Tax-Advantaged Dividend Income Fund during the 2nd quarter valued at about $31,000. Global Retirement Partners LLC lifted its position in John Hancock Tax-Advantaged Dividend Income Fund by 97.7% during the 4th quarter. Global Retirement Partners LLC now owns 1,977 shares of the company’s stock valued at $38,000 after purchasing an additional 977 shares during the period. Finally, LM Advisors LLC acquired a new position in John Hancock Tax-Advantaged Dividend Income Fund during the 4th quarter valued at about $49,000.

About John Hancock Tax-Advantaged Dividend Income Fund

John Hancock Tax-Advantaged Dividend Income Fund is a closed ended equity mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management and Analytic Investors, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors, with an emphasis on the utilities sector.