John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $22.66 and traded as high as $23.04. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $22.99, with a volume of 46,875 shares changing hands.

John Hancock Tax-Advantaged Dividend Income Fund Stock Up 1.3%

The company has a 50 day moving average of $22.66 and a 200 day moving average of $22.75.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, May 30th. Investors of record on Tuesday, May 13th will be paid a $0.138 dividend. The ex-dividend date is Monday, May 12th. This represents a dividend yield of 7.26%.

Institutional Investors Weigh In On John Hancock Tax-Advantaged Dividend Income Fund

Several large investors have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in John Hancock Tax-Advantaged Dividend Income Fund in the 4th quarter worth approximately $6,574,000. Captrust Financial Advisors lifted its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 152.2% in 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. acquired a new stake in John Hancock Tax-Advantaged Dividend Income Fund in the 4th quarter worth approximately $928,000. Wells Fargo & Company MN lifted its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 18.9% in the 4th quarter. Wells Fargo & Company MN now owns 235,814 shares of the company’s stock worth $5,193,000 after purchasing an additional 37,456 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 8.2% in the 1st quarter. Guggenheim Capital LLC now owns 406,624 shares of the company’s stock worth $9,731,000 after purchasing an additional 30,687 shares during the last quarter.

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.