John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Share Price Passes Above Fifty Day Moving Average – Here’s Why

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $24.67 and traded as high as $25.17. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $25.10, with a volume of 33,477 shares.

John Hancock Tax-Advantaged Dividend Income Fund Price Performance

The stock has a 50-day moving average of $24.67 and a 200 day moving average of $23.93.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Thursday, November 13th will be issued a dividend of $0.158 per share. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend is Thursday, November 13th.

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

Several institutional investors and hedge funds have recently modified their holdings of HTD. Redmont Wealth Advisors LLC acquired a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the third quarter worth about $65,000. Concurrent Investment Advisors LLC acquired a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 3rd quarter valued at $258,000. First Horizon Corp purchased a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the third quarter worth $61,000. Spire Wealth Management grew its position in John Hancock Tax-Advantaged Dividend Income Fund by 22.2% during the third quarter. Spire Wealth Management now owns 31,050 shares of the company’s stock valued at $770,000 after buying an additional 5,646 shares during the period. Finally, Silver Oak Securities Incorporated acquired a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund in the third quarter worth about $218,000.

John Hancock Tax-Advantaged Dividend Income Fund Company Profile

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.