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

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD)’s stock price passed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $24.86 and traded as low as $22.12. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $22.19, with a volume of 156,047 shares.

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

The stock’s fifty day simple moving average is $24.79 and its 200-day simple moving average is $25.16.

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. Stockholders of record on Tuesday, October 13th will be issued a dividend of $0.1580 per share. This represents a $1.90 annualized dividend and a dividend yield of 8.5%. The ex-dividend date of this dividend is Tuesday, October 13th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cetera Investment Advisers lifted its position in John Hancock Tax-Advantaged Dividend Income Fund by 11.5% during the first quarter. Cetera Investment Advisers now owns 224,195 shares of the company’s stock worth $5,553,000 after purchasing an additional 23,201 shares during the period. First Trust Advisors LP raised its position in shares of John Hancock Tax-Advantaged Dividend Income Fund by 6.3% in the 1st quarter. First Trust Advisors LP now owns 151,813 shares of the company’s stock valued at $3,760,000 after buying an additional 8,935 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of John Hancock Tax-Advantaged Dividend Income Fund by 3.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 91,117 shares of the company’s stock valued at $2,257,000 after buying an additional 3,064 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 211.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 43,996 shares of the company’s stock worth $1,121,000 after acquiring an additional 29,867 shares during the period. Finally, World Investment Advisors lifted its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 3.4% during the 1st quarter. World Investment Advisors now owns 30,895 shares of the company’s stock worth $765,000 after acquiring an additional 1,026 shares during the period.

John Hancock Tax-Advantaged Dividend Income Fund Company Profile

John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) is a closed-end investment fund managed by John Hancock Investment Management. The fund seeks to provide a high level of current income that is generally eligible for favorable U.S. federal income-tax treatment, while also pursuing long-term growth of capital.

To pursue its objectives, HTD invests primarily in dividend-paying common and preferred stocks. Its portfolio has historically emphasized income-oriented sectors such as utilities and financial services, although its holdings and sector allocations may change over time based on the fund’s investment strategy and market conditions.

The fund was established in 2004 and is listed on the New York Stock Exchange.