John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $22.66 and traded as high as $23.04. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $22.99, with a volume of 46,875 shares.

John Hancock Tax-Advantaged Dividend Income Fund Price Performance

The firm’s 50-day simple moving average is $22.66 and its 200 day simple moving average is $22.75.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, May 30th. Investors of record on Tuesday, May 13th will be paid a $0.138 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a yield of 7.26%.

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

A number of institutional investors have recently bought and sold shares of the stock. Invesco Ltd. increased its stake in John Hancock Tax-Advantaged Dividend Income Fund by 3.8% in the 1st quarter. Invesco Ltd. now owns 518,742 shares of the company’s stock worth $12,413,000 after purchasing an additional 18,922 shares in the last quarter. Captrust Financial Advisors grew its stake in John Hancock Tax-Advantaged Dividend Income Fund by 152.2% during the 4th quarter. Captrust Financial Advisors now owns 454,419 shares of the company’s stock valued at $10,006,000 after acquiring an additional 274,236 shares in the last quarter. Guggenheim Capital LLC grew its stake in John Hancock Tax-Advantaged Dividend Income Fund by 8.2% during the 1st quarter. Guggenheim Capital LLC now owns 406,624 shares of the company’s stock valued at $9,731,000 after acquiring an additional 30,687 shares in the last quarter. Raymond James Financial Inc. purchased a new position in John Hancock Tax-Advantaged Dividend Income Fund during the 4th quarter valued at about $6,574,000. Finally, LPL Financial LLC grew its stake in John Hancock Tax-Advantaged Dividend Income Fund by 9.4% during the 1st quarter. LPL Financial LLC now owns 291,620 shares of the company’s stock valued at $6,978,000 after acquiring an additional 25,089 shares in 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.