John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Stock Crosses Below 50 Day Moving Average – Should You Sell?

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) shares passed 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’s 50-day moving average is $22.77 and its two-hundred day moving average is $22.03.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 13th will be paid a dividend of $0.138 per share. The ex-dividend date of this dividend is Monday, January 13th.

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

A number of hedge funds have recently modified their holdings of HTD. Captrust Financial Advisors acquired a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the third quarter worth $4,184,000. Walleye Capital LLC acquired a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund during the 3rd quarter worth about $844,000. Logan Stone Capital LLC purchased a new stake in John Hancock Tax-Advantaged Dividend Income Fund in the 2nd quarter valued at about $622,000. Almitas Capital LLC acquired a new position in John Hancock Tax-Advantaged Dividend Income Fund in the second quarter valued at about $434,000. Finally, International Assets Investment Management LLC boosted its stake in John Hancock Tax-Advantaged Dividend Income Fund by 1,303.1% during the third quarter. International Assets Investment Management LLC now owns 11,842 shares of the company’s stock worth $275,000 after buying an additional 10,998 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.