John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Share Price Crosses Above 50 Day Moving Average – Here’s Why

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD)’s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $25.59 and traded as high as $26.00. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $25.82, with a volume of 73,271 shares trading hands.

John Hancock Tax-Advantaged Dividend Income Fund Price Performance

The stock has a 50-day moving average of $25.60 and a 200-day moving average of $25.22.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, July 31st. Investors of record on Monday, July 13th were given a dividend of $0.158 per share. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date was Monday, July 13th.

Institutional Trading of John Hancock Tax-Advantaged Dividend Income Fund

Several institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada grew its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 0.4% during the first 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. Jones Financial Companies Lllp purchased a new stake in John Hancock Tax-Advantaged Dividend Income Fund in the first quarter valued at approximately $48,000. Invesco Ltd. raised its stake in John Hancock Tax-Advantaged Dividend Income Fund by 5.2% in the second 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 in the last quarter. First Trust Advisors LP lifted its position in John Hancock Tax-Advantaged Dividend Income Fund by 2.3% during the second quarter. First Trust Advisors LP now owns 120,175 shares of the company’s stock valued at $2,811,000 after purchasing an additional 2,677 shares during the last quarter. Finally, Walleye Capital LLC lifted its position in John Hancock Tax-Advantaged Dividend Income Fund by 11.7% during the second quarter. Walleye Capital LLC now owns 27,100 shares of the company’s stock valued at $634,000 after purchasing an additional 2,841 shares during 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 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.