John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Shares Cross Below 50 Day Moving Average of $19.20

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $19.20 and traded as low as $18.96. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $19.07, with a volume of 90,489 shares changing hands.

John Hancock Tax-Advantaged Dividend Income Fund Price Performance

The stock has a 50-day simple moving average of $19.20 and a 200-day simple moving average of $18.50.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, April 11th will be given a $0.138 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 8.69%. The ex-dividend date of this dividend is Wednesday, April 10th.

Institutional Investors Weigh In On John Hancock Tax-Advantaged Dividend Income Fund

Institutional investors have recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC bought a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 4th quarter valued at approximately $27,000. Tyler Stone Wealth Management bought a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 2nd quarter valued at approximately $31,000. Creekmur Asset Management LLC bought a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 4th quarter valued at approximately $30,000. Global Retirement Partners LLC increased its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 97.7% in the 4th quarter. Global Retirement Partners LLC now owns 1,977 shares of the company’s stock valued at $38,000 after acquiring an additional 977 shares during the last quarter. Finally, ST Germain D J Co. Inc. bought a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 2nd quarter valued at approximately $52,000.

About John Hancock Tax-Advantaged Dividend Income Fund

John Hancock Tax-Advantaged Dividend Income Fund is a closed ended equity mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management and Analytic Investors, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors, with an emphasis on the utilities sector.