John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Stock Passes Above Fifty Day Moving Average – Should You Sell?

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD – Get Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $25.39 and traded as high as $25.46. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $25.30, with a volume of 47,656 shares.

John Hancock Tax-Advantaged Dividend Income Fund Trading Up 1.2%

The stock’s 50-day simple moving average is $25.39 and its two-hundred day simple moving average is $24.83.

Get John Hancock Tax-Advantaged Dividend Income Fund alerts:

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 11th will be paid a dividend of $0.158 per share. The ex-dividend date of this dividend is Thursday, June 11th. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HTD. Mutual Advisors LLC lifted its position in shares of John Hancock Tax-Advantaged Dividend Income Fund by 1.7% in the fourth quarter. Mutual Advisors LLC now owns 24,834 shares of the company’s stock valued at $588,000 after acquiring an additional 418 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 6.9% in the fourth quarter. Sanctuary Advisors LLC now owns 51,880 shares of the company’s stock worth $1,227,000 after acquiring an additional 3,338 shares during the last quarter. Shaker Financial Services LLC increased its position in shares of John Hancock Tax-Advantaged Dividend Income Fund by 469.3% during the fourth quarter. Shaker Financial Services LLC now owns 103,019 shares of the company’s stock worth $2,437,000 after purchasing an additional 84,924 shares in the last quarter. Assetmark Inc. increased its position in shares of John Hancock Tax-Advantaged Dividend Income Fund by 445.0% during the fourth quarter. Assetmark Inc. now owns 1,526 shares of the company’s stock worth $36,000 after purchasing an additional 1,246 shares in the last quarter. Finally, Savvy Advisors Inc. acquired a new position in John Hancock Tax-Advantaged Dividend Income Fund in the 4th quarter valued at $636,000.

John Hancock Tax-Advantaged Dividend Income Fund Company Profile

(Get Free Report)

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.

Featured Articles

• Five stocks we like better than John Hancock Tax-Advantaged Dividend Income Fund
• Credo Technologies Accelerates AI—Its Stock Price Will Follow
• Qualcomm Goes All-In: The $10B Bet to Crush NVIDIA
• Jabil Just Gave Investors a Stronger Reason to Buy the Dip
• CarMax In Reverse? Why You Should Buy Now Before the Big Catalysts Emerge

Receive News & Ratings for John Hancock Tax-Advantaged Dividend Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Hancock Tax-Advantaged Dividend Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.