John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Share Price Passes Below 50-Day Moving Average – Time to Sell?

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $22.78 and traded as low as $22.16. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $22.28, with a volume of 54,848 shares traded.

John Hancock Tax-Advantaged Dividend Income Fund Stock Performance

The business has a 50 day moving average of $22.78 and a two-hundred day moving average of $22.01.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th were issued a $0.138 dividend. The ex-dividend date was Thursday, December 12th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new position in John Hancock Tax-Advantaged Dividend Income Fund in the third quarter worth $26,000. Stifel Financial Corp grew its stake in John Hancock Tax-Advantaged Dividend Income Fund by 1.2% during the 3rd quarter. Stifel Financial Corp now owns 120,058 shares of the company’s stock worth $2,788,000 after buying an additional 1,366 shares during the last quarter. Captrust Financial Advisors acquired a new position in John Hancock Tax-Advantaged Dividend Income Fund during the 3rd quarter valued at about $4,184,000. Walleye Capital LLC purchased a new stake in John Hancock Tax-Advantaged Dividend Income Fund in the third quarter valued at about $844,000. Finally, SMH Capital Advisors Inc. acquired a new stake in John Hancock Tax-Advantaged Dividend Income Fund in the third quarter worth about $214,000.

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.