John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Shares Down 1.1% – Here’s Why

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) traded down 1.1% during trading on Monday . The company traded as low as $23.30 and last traded at $23.5550. 129,214 shares were traded during mid-day trading, an increase of 14% from the average session volume of 112,857 shares. The stock had previously closed at $23.81.

John Hancock Tax-Advantaged Dividend Income Fund Stock Down 1.1%

The company has a 50 day simple moving average of $24.22 and a two-hundred day simple moving average of $24.27.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Monday, January 12th will be paid a dividend of $0.158 per share. This represents a c) annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend is Monday, January 12th.

Institutional Trading of John Hancock Tax-Advantaged Dividend Income Fund

Several hedge funds have recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. purchased a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund during the 2nd quarter valued at about $2,258,000. Osaic Holdings Inc. grew its position in John Hancock Tax-Advantaged Dividend Income Fund by 29.9% in the second quarter. Osaic Holdings Inc. now owns 166,155 shares of the company’s stock worth $3,887,000 after acquiring an additional 38,290 shares in the last quarter. World Investment Advisors bought a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the third quarter worth approximately $766,000. UBS Group AG raised its position in John Hancock Tax-Advantaged Dividend Income Fund by 4.1% during the third quarter. UBS Group AG now owns 747,625 shares of the company’s stock valued at $18,541,000 after purchasing an additional 29,683 shares during the period. Finally, PMG Family Office LLC purchased a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the third quarter valued at approximately $708,000.

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.