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

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD)’s stock price passed 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 trading hands.

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

The firm has a fifty day moving average of $25.36 and a 200 day moving average of $24.81.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The business also recently announced 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 Investors Weigh In On John Hancock Tax-Advantaged Dividend Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the business. UBS Group AG increased its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 2.6% during the 4th quarter. UBS Group AG now owns 767,161 shares of the company’s stock worth $18,151,000 after purchasing an additional 19,536 shares during the last quarter. Invesco Ltd. boosted its position in John Hancock Tax-Advantaged Dividend Income Fund by 5.2% during the 2nd quarter. Invesco Ltd. now owns 545,627 shares of the company’s stock valued at $12,762,000 after purchasing an additional 26,885 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in John Hancock Tax-Advantaged Dividend Income Fund by 35,151.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 534,757 shares of the company’s stock valued at $12,652,000 after purchasing an additional 533,240 shares during the period. Captrust Financial Advisors boosted its position in John Hancock Tax-Advantaged Dividend Income Fund by 1.0% during the 3rd quarter. Captrust Financial Advisors now owns 481,551 shares of the company’s stock valued at $11,942,000 after purchasing an additional 4,696 shares during the period. Finally, LPL Financial LLC boosted its position in John Hancock Tax-Advantaged Dividend Income Fund by 27.5% during the 4th quarter. LPL Financial LLC now owns 369,256 shares of the company’s stock valued at $8,737,000 after purchasing an additional 79,754 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.