John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

Shares of John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $24.90 and traded as low as $24.21. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $24.45, with a volume of 33,552 shares trading hands.

John Hancock Tax-Advantaged Dividend Income Fund Price Performance

The business’s 50 day moving average is $24.90 and its 200 day moving average is $24.55.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 12th will be issued a $0.158 dividend. The ex-dividend date is Thursday, March 12th. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HTD. Ameriflex Group Inc. lifted its stake in John Hancock Tax-Advantaged Dividend Income Fund by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 1,000 shares of the company’s stock worth $25,000 after acquiring an additional 500 shares in the last quarter. IFC & Insurance Marketing Inc. acquired a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the 4th quarter worth about $26,000. Resources Management Corp CT ADV purchased a new position in John Hancock Tax-Advantaged Dividend Income Fund during the 4th quarter valued at about $30,000. Global Wealth Strategies & Associates purchased a new position in John Hancock Tax-Advantaged Dividend Income Fund during the 4th quarter valued at about $34,000. Finally, Assetmark Inc. increased its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 445.0% in the 4th quarter. Assetmark Inc. now owns 1,526 shares of the company’s stock valued at $36,000 after purchasing an additional 1,246 shares during the period.

John Hancock Tax-Advantaged Dividend Income Fund Company Profile

John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) is a closed-end management investment company sponsored by John Hancock Investment Management, a division of Manulife Investment Management. The fund seeks to provide investors with tax-advantaged monthly income and the potential for capital appreciation by investing in a diversified portfolio of dividend-paying equities and taxable debt securities. It trades on the New York Stock Exchange under the ticker HTD and is structured to offer enhanced income opportunities compared to traditional equity or bond portfolios.

The fund’s primary investment strategy combines equity and fixed-income exposure.