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

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $22.52 and traded as high as $23.57. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $23.49, with a volume of 77,891 shares.

John Hancock Tax-Advantaged Dividend Income Fund Stock Performance

The company’s 50-day moving average is $22.53 and its two-hundred day moving average is $22.60.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, February 28th. Investors of record on Thursday, February 13th will be given a dividend of $0.138 per share. The ex-dividend date is Thursday, February 13th.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the third quarter worth about $26,000. Kennebec Savings Bank bought a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund in the third quarter worth about $30,000. Elequin Capital LP bought a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund in the fourth quarter worth about $46,000. Allworth Financial LP lifted its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 184.8% in the fourth quarter. Allworth Financial LP now owns 2,250 shares of the company’s stock worth $51,000 after acquiring an additional 1,460 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 34.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,375 shares of the company’s stock worth $162,000 after acquiring an additional 1,875 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.