John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Shares of John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $23.09 and traded as high as $23.57. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $23.47, with a volume of 42,153 shares trading hands.

John Hancock Tax-Advantaged Dividend Income Fund Stock Performance

The business’s 50-day moving average is $23.09 and its 200 day moving average is $22.90.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.138 per share. The ex-dividend date is Thursday, March 13th.

Institutional Investors Weigh In On John Hancock Tax-Advantaged Dividend Income Fund

Several institutional investors have recently made changes to their positions in HTD. Invesco Ltd. increased its stake in John Hancock Tax-Advantaged Dividend Income Fund by 6.2% during the 4th quarter. Invesco Ltd. now owns 499,820 shares of the company’s stock worth $11,006,000 after acquiring an additional 29,127 shares during the period. Captrust Financial Advisors grew its holdings in shares of 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 worth $10,006,000 after purchasing an additional 274,236 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of John Hancock Tax-Advantaged Dividend Income Fund by 8.8% in the fourth quarter. Guggenheim Capital LLC now owns 375,937 shares of the company’s stock worth $8,278,000 after purchasing an additional 30,387 shares during the period. Raymond James Financial Inc. acquired a new position in John Hancock Tax-Advantaged Dividend Income Fund in the fourth quarter valued at about $6,574,000. Finally, LPL Financial LLC lifted its position in John Hancock Tax-Advantaged Dividend Income Fund by 9.6% during the fourth quarter. LPL Financial LLC now owns 266,531 shares of the company’s stock worth $5,869,000 after purchasing an additional 23,368 shares during the period.

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.