John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Shares Pass Above 50 Day Moving Average – Here’s What Happened

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $25.59 and traded as high as $26.00. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $25.82, with a volume of 73,271 shares changing hands.

John Hancock Tax-Advantaged Dividend Income Fund Trading Up 0.3%

The business’s 50-day moving average is $25.59 and its 200-day moving average is $25.22.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 13th will be paid a dividend of $0.158 per share. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend is Monday, July 13th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. IFC & Insurance Marketing Inc. acquired a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 4th quarter worth approximately $26,000. Resources Management Corp CT ADV acquired a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the 4th quarter valued at $30,000. Assetmark Inc. raised its position 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 valued at $36,000 after purchasing an additional 1,246 shares during the last quarter. Jones Financial Companies Lllp bought a new position in John Hancock Tax-Advantaged Dividend Income Fund in the 1st quarter valued at $48,000. Finally, Arax Advisory Partners boosted its stake in John Hancock Tax-Advantaged Dividend Income Fund by 1,040.8% in the fourth 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.