John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Stock Passes Above Fifty Day Moving Average – Should You Sell?

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $25.39 and traded as high as $25.46. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $25.30, with a volume of 47,656 shares traded.

John Hancock Tax-Advantaged Dividend Income Fund Stock Performance

The firm’s fifty day moving average price is $25.39 and its two-hundred day moving average price is $24.83.

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 dividend of $0.158 per share. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date is Thursday, June 11th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. UBS Group AG boosted its stake in shares of 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 acquiring an additional 19,536 shares in the last quarter. Invesco Ltd. increased its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 5.2% in 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 in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 35,151.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 534,757 shares of the company’s stock worth $12,652,000 after purchasing an additional 533,240 shares during the period. Captrust Financial Advisors raised its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 1.0% in the 3rd quarter. Captrust Financial Advisors now owns 481,551 shares of the company’s stock worth $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 fourth quarter. LPL Financial LLC now owns 369,256 shares of the company’s stock worth $8,737,000 after purchasing an additional 79,754 shares in the last quarter.

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.