John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Stock Price Crosses Below 50-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 Wednesday . The stock has a 50-day moving average of $25.32 and traded as low as $25.30. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $25.69, with a volume of 84,088 shares traded.

John Hancock Tax-Advantaged Dividend Income Fund Trading Up 0.8%

The firm’s fifty day moving average is $25.32 and its 200 day moving average is $24.79.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 11th will be issued a dividend of $0.158 per share. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date is Thursday, June 11th.

Institutional Trading of John Hancock Tax-Advantaged Dividend Income Fund

Several institutional investors have recently made changes to their positions in the stock. Mutual Advisors LLC boosted its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 1.7% during the fourth quarter. Mutual Advisors LLC now owns 24,834 shares of the company’s stock worth $588,000 after purchasing an additional 418 shares during the period. Ameriflex Group Inc. boosted its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 100.0% during the third quarter. Ameriflex Group Inc. now owns 1,000 shares of the company’s stock worth $25,000 after purchasing an additional 500 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 8.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,500 shares of the company’s stock worth $154,000 after purchasing an additional 500 shares during the period. Royal Bank of Canada boosted its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 0.4% during the first quarter. Royal Bank of Canada now owns 165,634 shares of the company’s stock worth $3,964,000 after purchasing an additional 708 shares during the period. Finally, Spire Wealth Management boosted its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 2.6% during the fourth quarter. Spire Wealth Management now owns 31,846 shares of the company’s stock worth $753,000 after purchasing an additional 796 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 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.