John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Shares Cross Below Fifty Day Moving Average of $19.18

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $19.18 and traded as low as $18.97. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $18.97, with a volume of 55,577 shares trading hands.

John Hancock Tax-Advantaged Dividend Income Fund Stock Performance

The stock has a 50 day simple moving average of $19.18 and a two-hundred day simple moving average of $18.54.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, April 11th will be given a dividend of $0.138 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 8.73%. The ex-dividend date of this dividend is Wednesday, April 10th.

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

Institutional investors have recently modified their holdings of the business. Blue Bell Private Wealth Management LLC acquired a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund during the 4th quarter valued at about $27,000. Creekmur Asset Management LLC acquired a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund during the 4th quarter valued at about $30,000. Tyler Stone Wealth Management acquired a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund during the 2nd quarter valued at about $31,000. Global Retirement Partners LLC grew its position in shares of John Hancock Tax-Advantaged Dividend Income Fund by 97.7% during the 4th quarter. Global Retirement Partners LLC now owns 1,977 shares of the company’s stock valued at $38,000 after acquiring an additional 977 shares during the period. Finally, LM Advisors LLC acquired a new stake in John Hancock Tax-Advantaged Dividend Income Fund in the 4th quarter worth about $49,000.

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.