John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Share Price Passes Above 50-Day Moving Average – Should You Sell?

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $23.09 and traded as high as $23.57. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $23.47, with a volume of 42,153 shares trading hands.

John Hancock Tax-Advantaged Dividend Income Fund Stock Up 1.1 %

The company has a fifty day moving average price of $23.11 and a two-hundred day moving average price of $22.91.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 13th will be given a dividend of $0.138 per share. The ex-dividend date of this dividend is Thursday, March 13th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Invesco Ltd. grew its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 6.2% during the fourth quarter. Invesco Ltd. now owns 499,820 shares of the company’s stock worth $11,006,000 after buying an additional 29,127 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 152.2% in the 4th quarter. Captrust Financial Advisors now owns 454,419 shares of the company’s stock valued at $10,006,000 after purchasing an additional 274,236 shares during the last quarter. Guggenheim Capital LLC increased its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 8.8% in the fourth quarter. Guggenheim Capital LLC now owns 375,937 shares of the company’s stock valued at $8,278,000 after purchasing an additional 30,387 shares during the period. Raymond James Financial Inc. acquired a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund in the fourth quarter valued at approximately $6,574,000. Finally, LPL Financial LLC raised its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 9.6% during the fourth quarter. LPL Financial LLC now owns 266,531 shares of the company’s stock worth $5,869,000 after purchasing an additional 23,368 shares during 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.