John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $25.36 and traded as low as $23.65. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $23.7960, with a volume of 66,530 shares.

John Hancock Tax-Advantaged Dividend Income Fund Price Performance

The company’s 50-day moving average is $25.36 and its two-hundred day moving average is $25.33.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be issued a dividend of $0.158 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend is Friday, September 11th.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its stake in John Hancock Tax-Advantaged Dividend Income Fund by 35,151.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 534,757 shares of the company’s stock valued at $12,652,000 after acquiring an additional 533,240 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 11.5% in the first quarter. Cetera Investment Advisers now owns 224,195 shares of the company’s stock worth $5,553,000 after purchasing an additional 23,201 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 6.3% during the first quarter. First Trust Advisors LP now owns 151,813 shares of the company’s stock valued at $3,760,000 after purchasing an additional 8,935 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 3.5% during the first quarter. Janney Montgomery Scott LLC now owns 91,117 shares of the company’s stock valued at $2,257,000 after purchasing an additional 3,064 shares during the period. Finally, Hennion & Walsh Asset Management Inc. raised its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 211.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 43,996 shares of the company’s stock valued at $1,121,000 after purchasing an additional 29,867 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.