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 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 Price Performance

The company’s 50-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 company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 11th will be given a $0.158 dividend. 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

Hedge funds have recently made changes to their positions in the company. Indivisible Partners purchased a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 4th quarter valued at approximately $1,178,000. Sanctuary Advisors LLC lifted its position in shares of John Hancock Tax-Advantaged Dividend Income Fund by 6.9% in the 4th quarter. Sanctuary Advisors LLC now owns 51,880 shares of the company’s stock valued at $1,227,000 after acquiring an additional 3,338 shares in the last quarter. Mutual Advisors LLC lifted its position in shares of John Hancock Tax-Advantaged Dividend Income Fund by 1.7% in the 4th quarter. Mutual Advisors LLC now owns 24,834 shares of the company’s stock valued at $588,000 after acquiring an additional 418 shares in the last quarter. Assetmark Inc. lifted its position in shares of John Hancock Tax-Advantaged Dividend Income Fund by 445.0% in the 4th quarter. Assetmark Inc. now owns 1,526 shares of the company’s stock valued at $36,000 after acquiring an additional 1,246 shares in the last quarter. Finally, Savvy Advisors Inc. purchased a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 4th quarter valued at approximately $636,000.

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.