John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Stock Crosses Above 50 Day Moving Average – What’s Next?

Shares of John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $25.59 and traded as high as $26.00. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $25.82, with a volume of 73,271 shares.

John Hancock Tax-Advantaged Dividend Income Fund Stock Up 0.3%

The business’s fifty day moving average is $25.59 and its two-hundred day moving average is $25.22.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 13th will be given a $0.158 dividend. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Monday, July 13th.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. World Investment Advisors raised its position in shares of John Hancock Tax-Advantaged Dividend Income Fund by 3.4% during the first quarter. World Investment Advisors now owns 30,895 shares of the company’s stock worth $765,000 after acquiring an additional 1,026 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 3.5% in the first quarter. Janney Montgomery Scott LLC now owns 91,117 shares of the company’s stock valued at $2,257,000 after acquiring an additional 3,064 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in John Hancock Tax-Advantaged Dividend Income Fund by 35,151.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 534,757 shares of the company’s stock worth $12,652,000 after purchasing an additional 533,240 shares during the period. Presper Financial Architects LLC increased its position in John Hancock Tax-Advantaged Dividend Income Fund by 57.6% in the fourth quarter. Presper Financial Architects LLC now owns 42,581 shares of the company’s stock worth $1,007,000 after purchasing an additional 15,555 shares during the period. Finally, UBS Group AG raised its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 2.6% during the 4th quarter. UBS Group AG now owns 767,161 shares of the company’s stock worth $18,151,000 after purchasing an additional 19,536 shares during 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.