John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Shares Pass Below Fifty Day Moving Average – Here’s Why

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD)’s stock price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $24.90 and traded as low as $24.21. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $24.45, with a volume of 33,552 shares changing hands.

John Hancock Tax-Advantaged Dividend Income Fund Stock Performance

The firm’s fifty day moving average price is $24.90 and its 200 day moving average price is $24.55.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 12th will be given a dividend of $0.158 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a c) dividend on an annualized basis and a yield of 7.8%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Garton & Associates Financial Advisors LLC purchased a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund during the 4th quarter worth about $55,000. Cetera Investment Advisers lifted its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 11.9% during the 4th quarter. Cetera Investment Advisers now owns 200,994 shares of the company’s stock valued at $4,756,000 after buying an additional 21,406 shares during the last quarter. &PARTNERS grew its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 51.1% in the 4th quarter. &PARTNERS now owns 29,716 shares of the company’s stock valued at $703,000 after buying an additional 10,048 shares in the last quarter. Royal Bank of Canada increased its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 1.0% in the fourth quarter. Royal Bank of Canada now owns 189,865 shares of the company’s stock worth $4,492,000 after buying an additional 1,835 shares during the last quarter. Finally, Resources Management Corp CT ADV acquired a new position in John Hancock Tax-Advantaged Dividend Income Fund in the fourth quarter worth approximately $30,000.

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.