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

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 $23.21 and traded as low as $23.01. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $23.0710, with a volume of 119,664 shares.

John Hancock Tax-Advantaged Dividend Income Fund Stock Down 0.8%

The firm has a fifty day simple moving average of $23.21 and a 200-day simple moving average of $24.80.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Thursday, November 12th will be issued a dividend of $0.1580 per share. The ex-dividend date is Thursday, November 12th. This represents a $1.90 annualized dividend and a dividend yield of 8.2%.

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

Large investors have recently modified their holdings of the company. Cetera Investment Advisers increased its stake in John Hancock Tax-Advantaged Dividend Income Fund by 11.5% during the 1st quarter. Cetera Investment Advisers now owns 224,195 shares of the company’s stock valued at $5,553,000 after purchasing an additional 23,201 shares in the last quarter. First Trust Advisors LP raised its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 6.3% during the first quarter. First Trust Advisors LP now owns 151,813 shares of the company’s stock worth $3,760,000 after buying an additional 8,935 shares during the last quarter. Shaker Financial Services LLC bought a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund in the third quarter valued at $1,062,000. Samalin Investment Counsel LLC lifted its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 1.8% in the third quarter. Samalin Investment Counsel LLC now owns 47,337 shares of the company’s stock valued at $1,050,000 after buying an additional 818 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 211.4% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 43,996 shares of the company’s stock valued at $1,121,000 after buying an additional 29,867 shares in the last quarter.

John Hancock Tax-Advantaged Dividend Income Fund Company Profile

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) is a closed-end investment fund managed by John Hancock Investment Management. The fund seeks to provide a high level of current income that is generally eligible for favorable U.S. federal income-tax treatment, along with the potential for long-term growth of capital. HTD invests primarily in dividend-paying common stocks and preferred securities. Its portfolio has a particular emphasis on companies in the utilities and other defensive, income-oriented sectors, while also allowing exposure to a broader range of industries and issuers.