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

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $24.01 and traded as low as $23.77. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $23.8550, with a volume of 64,111 shares changing hands.

John Hancock Tax-Advantaged Dividend Income Fund Stock Performance

The business’s 50 day moving average price is $24.01 and its 200 day moving average price is $24.32.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Monday, January 12th will be issued a dividend of $0.158 per share. The ex-dividend date of this dividend is Monday, January 12th. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%.

Institutional Trading of John Hancock Tax-Advantaged Dividend Income Fund

A number of institutional investors have recently made changes to their positions in the company. Ameriflex Group Inc. raised its position in John Hancock Tax-Advantaged Dividend Income Fund by 100.0% in the third quarter. Ameriflex Group Inc. now owns 1,000 shares of the company’s stock valued at $25,000 after purchasing an additional 500 shares during the period. Royal Bank of Canada grew its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 0.4% in the first quarter. Royal Bank of Canada now owns 165,634 shares of the company’s stock valued at $3,964,000 after buying an additional 708 shares in the last quarter. Spire Wealth Management raised its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 2.6% in the 4th quarter. Spire Wealth Management now owns 31,846 shares of the company’s stock valued at $753,000 after buying an additional 796 shares during the period. Newbridge Financial Services Group Inc. raised its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 1.3% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 97,756 shares of the company’s stock valued at $2,424,000 after buying an additional 1,221 shares during the period. Finally, Global Wealth Strategies & Associates acquired a new position in John Hancock Tax-Advantaged Dividend Income Fund during the 4th quarter worth about $34,000.

About John Hancock Tax-Advantaged Dividend Income Fund

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.