John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Shares Pass Below 50-Day Moving Average – Here’s Why

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $22.78 and traded as low as $22.16. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $22.28, with a volume of 54,848 shares changing hands.

John Hancock Tax-Advantaged Dividend Income Fund Stock Up 1.9 %

The business has a fifty day moving average of $22.77 and a 200-day moving average of $22.03.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 13th will be issued a dividend of $0.138 per share. The ex-dividend date of this dividend is Monday, January 13th.

Institutional Trading of John Hancock Tax-Advantaged Dividend Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. acquired a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 3rd quarter valued at $26,000. Stifel Financial Corp raised its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 1.2% in the third quarter. Stifel Financial Corp now owns 120,058 shares of the company’s stock worth $2,788,000 after purchasing an additional 1,366 shares during the last quarter. Captrust Financial Advisors acquired a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund during the third quarter worth about $4,184,000. Walleye Capital LLC purchased a new stake in John Hancock Tax-Advantaged Dividend Income Fund in the third quarter valued at approximately $844,000. Finally, SMH Capital Advisors Inc. acquired a new position in John Hancock Tax-Advantaged Dividend Income Fund in the 3rd quarter worth approximately $214,000.

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.