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

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD)’s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $24.67 and traded as high as $25.17. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $25.10, with a volume of 33,477 shares traded.

John Hancock Tax-Advantaged Dividend Income Fund Stock Up 0.3%

The company’s 50 day moving average price is $24.67 and its 200 day moving average price is $23.93.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Thursday, November 13th will be issued a $0.158 dividend. The ex-dividend date is Thursday, November 13th. This represents a c) dividend on an annualized basis and a yield of 7.5%.

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

Several institutional investors have recently modified their holdings of HTD. Redmont Wealth Advisors LLC purchased a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the 3rd quarter worth about $65,000. Concurrent Investment Advisors LLC acquired a new position in John Hancock Tax-Advantaged Dividend Income Fund in the third quarter valued at approximately $258,000. First Horizon Corp acquired a new position in John Hancock Tax-Advantaged Dividend Income Fund in the third quarter valued at approximately $61,000. Spire Wealth Management increased its stake in John Hancock Tax-Advantaged Dividend Income Fund by 22.2% in the third quarter. Spire Wealth Management now owns 31,050 shares of the company’s stock valued at $770,000 after purchasing an additional 5,646 shares during the last quarter. Finally, Silver Oak Securities Incorporated acquired a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the third quarter worth approximately $218,000.

John Hancock Tax-Advantaged Dividend Income Fund Company Profile

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.