John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Shares of John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $24.90 and traded as low as $24.21. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $24.45, with a volume of 33,552 shares trading hands.

John Hancock Tax-Advantaged Dividend Income Fund Stock Performance

The company has a 50-day simple moving average of $24.93 and a two-hundred day simple moving average of $24.55.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 12th will be issued a dividend of $0.158 per share. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Thursday, March 12th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Garton & Associates Financial Advisors LLC bought a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 4th quarter valued at about $55,000. Cetera Investment Advisers grew its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 11.9% during the fourth quarter. Cetera Investment Advisers now owns 200,994 shares of the company’s stock worth $4,756,000 after purchasing an additional 21,406 shares during the period. &PARTNERS grew its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 51.1% during the fourth quarter. &PARTNERS now owns 29,716 shares of the company’s stock worth $703,000 after purchasing an additional 10,048 shares during the period. Royal Bank of Canada increased its position in John Hancock Tax-Advantaged Dividend Income Fund by 1.0% during the fourth quarter. Royal Bank of Canada now owns 189,865 shares of the company’s stock worth $4,492,000 after buying an additional 1,835 shares during the last quarter. Finally, Resources Management Corp CT ADV acquired a new position in John Hancock Tax-Advantaged Dividend Income Fund during the fourth quarter worth approximately $30,000.

John Hancock Tax-Advantaged Dividend Income Fund Company Profile

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.