John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty 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.

John Hancock Tax-Advantaged Dividend Income Fund Stock Up 0.9%

The company has a fifty day moving average price of $25.39 and a two-hundred day moving average price of $24.83.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 11th will be paid a $0.158 dividend. This represents a c) dividend on an annualized basis and a yield of 7.5%. The ex-dividend date is Thursday, June 11th.

Hedge Funds Weigh In On John Hancock Tax-Advantaged Dividend Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in HTD. Mutual Advisors LLC increased its stake in John Hancock Tax-Advantaged Dividend Income Fund by 1.7% in the fourth quarter. Mutual Advisors LLC now owns 24,834 shares of the company’s stock valued at $588,000 after acquiring an additional 418 shares during the last quarter. Ameriflex Group Inc. grew its position in John Hancock Tax-Advantaged Dividend Income Fund by 100.0% in the third quarter. Ameriflex Group Inc. now owns 1,000 shares of the company’s stock valued at $25,000 after acquiring an additional 500 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 8.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,500 shares of the company’s stock valued at $154,000 after purchasing an additional 500 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 0.4% during the 1st quarter. Royal Bank of Canada now owns 165,634 shares of the company’s stock valued at $3,964,000 after purchasing an additional 708 shares during the last quarter. Finally, Spire Wealth Management increased its position in John Hancock Tax-Advantaged Dividend Income Fund by 2.6% during the 4th quarter. Spire Wealth Management now owns 31,846 shares of the company’s stock worth $753,000 after purchasing an additional 796 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.