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

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $25.16 and traded as high as $25.41. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $25.0450, with a volume of 49,217 shares traded.

John Hancock Tax-Advantaged Dividend Income Fund Trading Down 0.2%

The firm has a fifty day moving average of $25.16 and a 200-day moving average of $24.70.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Monday, May 11th will be issued a dividend of $0.158 per share. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date is Monday, May 11th.

Institutional Trading of John Hancock Tax-Advantaged Dividend Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of HTD. Royal Bank of Canada raised its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 0.4% during the first quarter. Royal Bank of Canada now owns 165,634 shares of the company’s stock worth $3,964,000 after acquiring an additional 708 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the first quarter worth about $48,000. Invesco Ltd. raised its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 5.2% during the second quarter. Invesco Ltd. now owns 545,627 shares of the company’s stock worth $12,762,000 after acquiring an additional 26,885 shares in the last quarter. First Trust Advisors LP raised its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 2.3% during the second quarter. First Trust Advisors LP now owns 120,175 shares of the company’s stock worth $2,811,000 after acquiring an additional 2,677 shares in the last quarter. Finally, Walleye Capital LLC raised its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 11.7% during the second quarter. Walleye Capital LLC now owns 27,100 shares of the company’s stock worth $634,000 after acquiring an additional 2,841 shares in 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.