John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Stock Passes Below Fifty Day Moving Average of $19.99

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $19.99 and traded as low as $19.66. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $19.83, with a volume of 64,744 shares changing hands.

John Hancock Tax-Advantaged Dividend Income Fund Stock Up 0.4 %

The stock has a 50-day simple moving average of $19.99 and a 200 day simple moving average of $19.42.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 13th will be paid a dividend of $0.138 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.66 dividend on an annualized basis and a yield of 8.35%.

Hedge Funds Weigh In On John Hancock Tax-Advantaged Dividend Income Fund

Hedge funds have recently made changes to their positions in the business. Blue Bell Private Wealth Management LLC acquired a new position in John Hancock Tax-Advantaged Dividend Income Fund in the fourth quarter worth about $27,000. Creekmur Asset Management LLC acquired a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 4th quarter worth approximately $30,000. Global Retirement Partners LLC lifted 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 worth $38,000 after buying an additional 977 shares during the period. PNC Financial Services Group Inc. grew its position in John Hancock Tax-Advantaged Dividend Income Fund by 238.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,003 shares of the company’s stock valued at $57,000 after acquiring an additional 2,115 shares during the period. Finally, Redmont Wealth Advisors LLC acquired a new position in John Hancock Tax-Advantaged Dividend Income Fund during the first quarter worth $77,000.

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.