John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $25.59 and traded as high as $26.17. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $25.4630, with a volume of 33,789 shares trading hands.

John Hancock Tax-Advantaged Dividend Income Fund Stock Up 0.2%

The business has a fifty day simple moving average of $25.59 and a two-hundred day simple moving average of $25.31.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Thursday, August 13th will be given a $0.158 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date is Thursday, August 13th.

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

Several hedge funds and other institutional investors have recently modified their holdings of the business. IFC & Insurance Marketing Inc. acquired a new position in John Hancock Tax-Advantaged Dividend Income Fund during the fourth quarter worth about $26,000. Resources Management Corp CT ADV acquired a new stake in John Hancock Tax-Advantaged Dividend Income Fund in the 4th quarter valued at about $30,000. Assetmark Inc. lifted its stake in John Hancock Tax-Advantaged Dividend Income Fund by 445.0% in the 4th quarter. Assetmark Inc. now owns 1,526 shares of the company’s stock worth $36,000 after purchasing an additional 1,246 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in John Hancock Tax-Advantaged Dividend Income Fund in the 1st quarter worth approximately $48,000. Finally, Arax Advisory Partners lifted its stake in John Hancock Tax-Advantaged Dividend Income Fund by 1,040.8% in the 4th quarter. Arax Advisory Partners now owns 2,293 shares of the company’s stock worth $54,000 after purchasing an additional 2,092 shares in 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.