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

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $25.16 and traded as high as $25.41. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $25.0450, with a volume of 49,217 shares trading hands.

John Hancock Tax-Advantaged Dividend Income Fund Stock Performance

The stock has a 50 day simple moving average of $25.16 and a 200-day simple moving average of $24.71.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Monday, May 11th will be paid a dividend of $0.158 per share. The ex-dividend date is Monday, May 11th. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Mutual Advisors LLC lifted its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 1.7% in the 4th quarter. Mutual Advisors LLC now owns 24,834 shares of the company’s stock worth $588,000 after purchasing an additional 418 shares in the last quarter. Ameriflex Group Inc. lifted its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 1,000 shares of the company’s stock worth $25,000 after purchasing an additional 500 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 8.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,500 shares of the company’s stock worth $154,000 after purchasing an additional 500 shares in the last quarter. Royal Bank of Canada lifted its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 0.4% in the 1st quarter. Royal Bank of Canada now owns 165,634 shares of the company’s stock worth $3,964,000 after purchasing an additional 708 shares in the last quarter. Finally, Spire Wealth Management lifted its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 2.6% in the 4th quarter. Spire Wealth Management now owns 31,846 shares of the company’s stock worth $753,000 after purchasing an additional 796 shares in the last quarter.

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.