John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Stock Price Breaks Below 50-Day Moving Average – Here’s Why

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD)’s stock price crossed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $23.21 and traded as low as $23.01. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $23.0710, with a volume of 119,664 shares changing hands.

John Hancock Tax-Advantaged Dividend Income Fund Price Performance

The company has a 50-day moving average of $23.11 and a 200 day moving average of $24.79.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Thursday, November 12th will be given a dividend of $0.1580 per share. The ex-dividend date is Thursday, November 12th. This represents a $1.90 dividend on an annualized basis and a yield of 8.3%.

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

Several institutional investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC increased its position in John Hancock Tax-Advantaged Dividend Income Fund by 2.0% during the third quarter. Commonwealth Equity Services LLC now owns 29,288 shares of the company’s stock valued at $650,000 after acquiring an additional 565 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 6.5% in the third quarter. HighTower Advisors LLC now owns 10,345 shares of the company’s stock valued at $229,000 after acquiring an additional 633 shares during the period. Samalin Investment Counsel LLC lifted its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 1.8% in the 3rd quarter. Samalin Investment Counsel LLC now owns 47,337 shares of the company’s stock worth $1,050,000 after acquiring an additional 818 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 4.3% in the 3rd quarter. Private Advisor Group LLC now owns 23,219 shares of the company’s stock worth $515,000 after acquiring an additional 953 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 2nd quarter worth about $33,000.

About John Hancock Tax-Advantaged Dividend Income Fund

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, along with the potential for long-term growth of capital. HTD invests primarily in dividend-paying common stocks and preferred securities. Its portfolio has a particular emphasis on companies in the utilities and other defensive, income-oriented sectors, while also allowing exposure to a broader range of industries and issuers.