John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Shares Pass Below Fifty Day Moving Average – Here’s Why

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) shares 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 trading hands.

John Hancock Tax-Advantaged Dividend Income Fund Price Performance

The business’s 50-day simple moving average is $23.02 and its two-hundred day simple moving average is $22.88.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

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

Hedge Funds Weigh In On John Hancock Tax-Advantaged Dividend Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in HTD. Raymond James Financial Inc. acquired a new position in shares of 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% during the 4th quarter. Captrust Financial Advisors now owns 454,419 shares of the company’s stock worth $10,006,000 after purchasing an additional 274,236 shares during the last quarter. Polar Asset Management Partners Inc. bought a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 4th quarter worth approximately $928,000. Wells Fargo & Company MN lifted its stake in John Hancock Tax-Advantaged Dividend Income Fund by 18.9% in 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, Guggenheim Capital LLC increased its position in John Hancock Tax-Advantaged Dividend Income Fund by 8.8% in the fourth quarter. Guggenheim Capital LLC now owns 375,937 shares of the company’s stock worth $8,278,000 after buying an additional 30,387 shares during the last quarter.

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.