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

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $25.20 and traded as high as $25.53. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $24.80, with a volume of 77,431 shares trading hands.

John Hancock Tax-Advantaged Dividend Income Fund Price Performance

The firm has a 50-day simple moving average of $25.20 and a 200 day simple moving average of $24.63.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Monday, April 13th will be given a $0.158 dividend. The ex-dividend date is Monday, April 13th. This represents a c) annualized dividend and a yield of 7.6%.

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

Large investors have recently bought and sold shares of the company. Mutual Advisors LLC increased its position in John Hancock Tax-Advantaged Dividend Income Fund by 1.7% in the 4th quarter. Mutual Advisors LLC now owns 24,834 shares of the company’s stock valued at $588,000 after buying an additional 418 shares in the last quarter. Ameriflex Group Inc. boosted its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 100.0% in the third 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. Steward Partners Investment Advisory LLC boosted its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 8.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,500 shares of the company’s stock worth $154,000 after acquiring an additional 500 shares in the last quarter. Royal Bank of Canada grew its stake in John Hancock Tax-Advantaged Dividend Income Fund by 0.4% in the first quarter. Royal Bank of Canada now owns 165,634 shares of the company’s stock valued at $3,964,000 after acquiring an additional 708 shares during the period. Finally, Spire Wealth Management grew its stake in John Hancock Tax-Advantaged Dividend Income Fund by 2.6% in the fourth quarter. Spire Wealth Management now owns 31,846 shares of the company’s stock valued at $753,000 after acquiring an additional 796 shares during the period.

About John Hancock Tax-Advantaged Dividend Income Fund

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.