John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Shares Cross Below Fifty Day Moving Average of $19.18

Shares of John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $19.18 and traded as low as $18.97. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $18.97, with a volume of 55,577 shares traded.

John Hancock Tax-Advantaged Dividend Income Fund Stock Performance

The business’s 50 day moving average is $19.18 and its 200 day moving average is $18.54.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, April 11th will be paid a dividend of $0.138 per share. The ex-dividend date is Wednesday, April 10th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 8.73%.

Hedge Funds Weigh In On John Hancock Tax-Advantaged Dividend Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of HTD. Cambridge Investment Research Advisors Inc. grew its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 5.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 43,355 shares of the company’s stock worth $1,108,000 after purchasing an additional 2,113 shares in the last quarter. Private Advisor Group LLC boosted its stake in John Hancock Tax-Advantaged Dividend Income Fund by 11.7% in the first quarter. Private Advisor Group LLC now owns 14,125 shares of the company’s stock valued at $361,000 after acquiring an additional 1,479 shares in the last quarter. Penserra Capital Management LLC boosted its stake in John Hancock Tax-Advantaged Dividend Income Fund by 52.0% in the first quarter. Penserra Capital Management LLC now owns 255,827 shares of the company’s stock valued at $6,538,000 after acquiring an additional 87,477 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its stake in John Hancock Tax-Advantaged Dividend Income Fund by 3.0% in the first quarter. Nations Financial Group Inc. IA ADV now owns 58,089 shares of the company’s stock valued at $1,485,000 after acquiring an additional 1,697 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new position in John Hancock Tax-Advantaged Dividend Income Fund in the first quarter valued at $271,000.

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.