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

Shares of John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $25.59 and traded as high as $26.17. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $25.4630, with a volume of 33,789 shares changing hands.

John Hancock Tax-Advantaged Dividend Income Fund Price Performance

The stock’s fifty day moving average is $25.61 and its 200-day moving average is $25.33.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Thursday, August 13th will be issued a $0.158 dividend. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date is Thursday, August 13th.

Institutional Trading of John Hancock Tax-Advantaged Dividend Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in HTD. Royal Bank of Canada lifted its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 0.4% in the first quarter. Royal Bank of Canada now owns 165,634 shares of the company’s stock valued at $3,964,000 after acquiring an additional 708 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 1st quarter valued at $48,000. Invesco Ltd. lifted its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 5.2% in the 2nd 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 during the last quarter. First Trust Advisors LP increased its position in shares of John Hancock Tax-Advantaged Dividend Income Fund by 2.3% during the 2nd 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. Finally, Walleye Capital LLC raised its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 11.7% in the 2nd quarter. Walleye Capital LLC now owns 27,100 shares of the company’s stock valued at $634,000 after buying an additional 2,841 shares during the period.

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.