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

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 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 traded.

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

The stock’s 50-day simple moving average is $25.38 and its 200 day simple moving average is $24.89.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

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

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

A number of institutional investors have recently made changes to their positions in HTD. Royal Bank of Canada increased its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 0.4% during the first quarter. Royal Bank of Canada now owns 165,634 shares of the company’s stock worth $3,964,000 after purchasing an additional 708 shares during the period. Jones Financial Companies Lllp acquired a new position in John Hancock Tax-Advantaged Dividend Income Fund in the 1st quarter valued at $48,000. Invesco Ltd. increased its position in John Hancock Tax-Advantaged Dividend Income Fund by 5.2% during the 2nd quarter. Invesco Ltd. now owns 545,627 shares of the company’s stock worth $12,762,000 after buying an additional 26,885 shares during the period. First Trust Advisors LP lifted its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 2.3% during the second quarter. First Trust Advisors LP now owns 120,175 shares of the company’s stock worth $2,811,000 after buying an additional 2,677 shares in the last quarter. Finally, Walleye Capital LLC lifted its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 11.7% during the second quarter. Walleye Capital LLC now owns 27,100 shares of the company’s stock worth $634,000 after buying an additional 2,841 shares in the last quarter.

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.