John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Share Price Passes Above 50 Day Moving Average – Time to Sell?

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $25.38 and traded as high as $25.45. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $25.2850, with a volume of 85,886 shares changing hands.

John Hancock Tax-Advantaged Dividend Income Fund Trading Down 0.8%

The stock has a fifty day simple moving average of $25.38 and a 200-day simple moving average of $24.89.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 13th will be given a dividend of $0.158 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend is Monday, July 13th.

Institutional Trading of John Hancock Tax-Advantaged Dividend Income Fund

A number of large investors have recently made changes to their positions in the company. Western Wealth Management LLC acquired a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the 1st quarter worth $186,000. Sunbelt Securities Inc. bought a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund in the first quarter worth about $287,000. Cetera Investment Advisers increased its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 11.5% in the first quarter. Cetera Investment Advisers now owns 224,195 shares of the company’s stock worth $5,553,000 after acquiring an additional 23,201 shares in the last quarter. First Trust Advisors LP raised its position in shares of John Hancock Tax-Advantaged Dividend Income Fund by 6.3% during the first quarter. First Trust Advisors LP now owns 151,813 shares of the company’s stock worth $3,760,000 after purchasing an additional 8,935 shares during the period. Finally, WealthTrust Asset Management LLC acquired a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund during the first quarter worth about $213,000.

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.