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

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $25.38 and traded as high as $25.45. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $25.2850, with a volume of 85,886 shares changing hands.

John Hancock Tax-Advantaged Dividend Income Fund Stock Up 0.0%

The stock’s 50-day moving average price is $25.40 and its 200 day moving average price is $24.91.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 13th will be paid a $0.158 dividend. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date is Monday, July 13th.

Institutional Investors 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. UBS Group AG grew its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 2.6% in the 4th quarter. UBS Group AG now owns 767,161 shares of the company’s stock valued at $18,151,000 after acquiring an additional 19,536 shares in the last quarter. 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. Northwestern Mutual Wealth Management Co. boosted its position in John Hancock Tax-Advantaged Dividend Income Fund by 35,151.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 534,757 shares of the company’s stock valued at $12,652,000 after purchasing an additional 533,240 shares during the last quarter. Captrust Financial Advisors boosted its position in John Hancock Tax-Advantaged Dividend Income Fund by 1.0% during the third quarter. Captrust Financial Advisors now owns 481,551 shares of the company’s stock valued at $11,942,000 after purchasing an additional 4,696 shares during the last quarter. Finally, LPL Financial LLC grew its stake in John Hancock Tax-Advantaged Dividend Income Fund by 27.5% in the fourth quarter. LPL Financial LLC now owns 369,256 shares of the company’s stock valued at $8,737,000 after purchasing an additional 79,754 shares in the last quarter.

About John Hancock Tax-Advantaged Dividend Income Fund

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.