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

Shares of John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $24.99 and traded as low as $24.65. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $24.87, with a volume of 72,268 shares traded.

John Hancock Tax-Advantaged Dividend Income Fund Price Performance

The business’s 50-day moving average price is $24.99 and its two-hundred day moving average price is $24.55.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 12th were paid a dividend of $0.158 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend was Thursday, March 12th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HTD. Royal Bank of Canada grew its position in John Hancock Tax-Advantaged Dividend Income Fund by 0.4% during the 1st quarter. Royal Bank of Canada now owns 165,634 shares of the company’s stock worth $3,964,000 after acquiring an additional 708 shares during the last quarter. Jones Financial Companies Lllp bought a new position in John Hancock Tax-Advantaged Dividend Income Fund in the first quarter valued at about $48,000. CW Advisors LLC boosted its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 17.9% during the second quarter. CW Advisors LLC now owns 29,728 shares of the company’s stock valued at $695,000 after purchasing an additional 4,507 shares in the last quarter. Invesco Ltd. boosted its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 5.2% during the second quarter. Invesco Ltd. now owns 545,627 shares of the company’s stock valued at $12,762,000 after purchasing an additional 26,885 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 2.3% during the second quarter. First Trust Advisors LP now owns 120,175 shares of the company’s stock worth $2,811,000 after purchasing an additional 2,677 shares during the last quarter.

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.