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

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $25.61 and traded as high as $25.67. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $25.4950, with a volume of 56,463 shares traded.

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

The business’s fifty day simple moving average is $25.60 and its 200 day simple moving average is $25.37.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

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

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

A number of institutional investors have recently modified their holdings of the business. Mutual Advisors LLC lifted its position 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 worth $588,000 after purchasing an additional 418 shares during the period. Steward Partners Investment Advisory LLC increased its position in shares of John Hancock Tax-Advantaged Dividend Income Fund by 8.3% during 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 during the period. Royal Bank of Canada increased its position 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 period. World Investment Advisors raised its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 3.4% in the 1st quarter. World Investment Advisors now owns 30,895 shares of the company’s stock worth $765,000 after buying an additional 1,026 shares in the last quarter. Finally, IFC & Insurance Marketing Inc. bought a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 4th quarter worth $26,000.

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.