John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Shares of John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $23.02 and traded as low as $20.74. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $21.35, with a volume of 57,582 shares.

John Hancock Tax-Advantaged Dividend Income Fund Stock Performance

The firm’s 50 day moving average is $23.02 and its 200 day moving average is $22.88.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 14th will be given a $0.138 dividend. This represents a yield of 7.01%. The ex-dividend date of this dividend is Friday, April 11th.

Institutional Trading of John Hancock Tax-Advantaged Dividend Income Fund

A number of hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund during the 3rd quarter valued at approximately $26,000. Elequin Capital LP bought a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund in the fourth quarter worth approximately $46,000. Allworth Financial LP increased its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 184.8% in the fourth quarter. Allworth Financial LP now owns 2,250 shares of the company’s stock worth $51,000 after purchasing an additional 1,460 shares in the last quarter. NBC Securities Inc. raised its position in shares of John Hancock Tax-Advantaged Dividend Income Fund by 100,525.0% during the 1st quarter. NBC Securities Inc. now owns 4,025 shares of the company’s stock valued at $96,000 after purchasing an additional 4,021 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 34.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,375 shares of the company’s stock valued at $162,000 after buying an additional 1,875 shares in the last quarter.

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.