John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD)’s share price passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $23.45 and traded as low as $23.12. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $23.15, with a volume of 180,908 shares.

John Hancock Tax-Advantaged Dividend Income Fund Price Performance

The business’s fifty day simple moving average is $23.45 and its two-hundred day simple moving average is $24.82.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Thursday, November 12th will be given a $0.1580 dividend. The ex-dividend date is Thursday, November 12th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 8.2%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers raised its holdings in shares of 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 valued at $5,553,000 after acquiring an additional 23,201 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 6.3% during the 1st quarter. First Trust Advisors LP now owns 151,813 shares of the company’s stock worth $3,760,000 after acquiring an additional 8,935 shares during the period. Janney Montgomery Scott LLC raised its stake in John Hancock Tax-Advantaged Dividend Income Fund by 3.5% during the first quarter. Janney Montgomery Scott LLC now owns 91,117 shares of the company’s stock worth $2,257,000 after purchasing an additional 3,064 shares during the period. Hennion & Walsh Asset Management Inc. lifted its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 211.4% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 43,996 shares of the company’s stock valued at $1,121,000 after acquiring an additional 29,867 shares during the last quarter. Finally, Shaker Financial Services LLC acquired a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 3rd quarter valued at $1,062,000.

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.