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

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $24.66 and traded as low as $24.46. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $24.7550, with a volume of 51,719 shares traded.

John Hancock Tax-Advantaged Dividend Income Fund Price Performance

The stock has a 50 day moving average of $24.67 and a two-hundred day moving average of $24.05.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, November 28th. Investors of record on Thursday, November 13th were paid a dividend of $0.158 per share. The ex-dividend date was Thursday, November 13th. This represents a c) annualized dividend and a yield of 7.6%.

Institutional Trading of John Hancock Tax-Advantaged Dividend Income Fund

Several institutional investors have recently bought and sold shares of HTD. Ameriflex Group Inc. lifted its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 1,000 shares of the company’s stock worth $25,000 after buying an additional 500 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund in the first quarter valued at approximately $48,000. First Horizon Corp bought a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the third quarter worth about $61,000. Redmont Wealth Advisors LLC acquired a new stake in John Hancock Tax-Advantaged Dividend Income Fund in the third quarter valued at $65,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in John Hancock Tax-Advantaged Dividend Income Fund in the first quarter valued at approximately $90,000.

John Hancock Tax-Advantaged Dividend Income Fund Company Profile

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.