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

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $23.02 and traded as low as $20.74. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $21.35, with a volume of 57,582 shares traded.

John Hancock Tax-Advantaged Dividend Income Fund Price Performance

The stock’s 50 day moving average price is $23.02 and its 200 day moving average price is $22.88.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The company also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 14th will be given a dividend of $0.138 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a yield of 7.01%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. acquired a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the third quarter worth approximately $26,000. Elequin Capital LP bought a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund during the 4th quarter worth approximately $46,000. Allworth Financial LP grew its position in shares of John Hancock Tax-Advantaged Dividend Income Fund by 184.8% during the 4th quarter. Allworth Financial LP now owns 2,250 shares of the company’s stock worth $51,000 after buying an additional 1,460 shares during the period. NBC Securities Inc. grew its position in shares of John Hancock Tax-Advantaged Dividend Income Fund by 100,525.0% during the 1st quarter. NBC Securities Inc. now owns 4,025 shares of the company’s stock worth $96,000 after buying an additional 4,021 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 34.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,375 shares of the company’s stock valued at $162,000 after acquiring an additional 1,875 shares in 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.