John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $22.52 and traded as high as $23.57. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $23.49, with a volume of 77,891 shares.

John Hancock Tax-Advantaged Dividend Income Fund Stock Performance

The stock has a 50-day simple moving average of $22.52 and a 200 day simple moving average of $22.57.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, February 28th. Investors of record on Thursday, February 13th will be issued a dividend of $0.138 per share. The ex-dividend date of this dividend is Thursday, February 13th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HTD. Raymond James Financial Inc. purchased a new stake in John Hancock Tax-Advantaged Dividend Income Fund in the 4th quarter worth approximately $6,574,000. Captrust Financial Advisors increased its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 152.2% in the fourth quarter. Captrust Financial Advisors now owns 454,419 shares of the company’s stock worth $10,006,000 after acquiring an additional 274,236 shares during the last quarter. Polar Asset Management Partners Inc. purchased a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund during the fourth quarter worth $928,000. Wells Fargo & Company MN boosted its position in John Hancock Tax-Advantaged Dividend Income Fund by 18.9% during the fourth quarter. Wells Fargo & Company MN now owns 235,814 shares of the company’s stock valued at $5,193,000 after purchasing an additional 37,456 shares during the last quarter. Finally, Walleye Capital LLC purchased a new position in John Hancock Tax-Advantaged Dividend Income Fund in the third quarter valued at about $844,000.

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.