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

Shares of John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $25.61 and traded as high as $25.67. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $25.4950, with a volume of 56,463 shares.

John Hancock Tax-Advantaged Dividend Income Fund Trading Down 0.1%

The firm’s fifty day moving average is $25.61 and its 200-day moving average is $25.36.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Thursday, August 13th will be given a $0.158 dividend. The ex-dividend date is Thursday, August 13th. This represents a c) dividend on an annualized basis and a yield of 7.4%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Royal Bank of Canada raised its position in John Hancock Tax-Advantaged Dividend Income Fund by 0.4% in the first quarter. Royal Bank of Canada now owns 165,634 shares of the company’s stock valued at $3,964,000 after purchasing an additional 708 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 1st quarter valued at $48,000. Invesco Ltd. boosted its position in John Hancock Tax-Advantaged Dividend Income Fund by 5.2% during the second quarter. Invesco Ltd. now owns 545,627 shares of the company’s stock valued at $12,762,000 after acquiring an additional 26,885 shares during the last quarter. First Trust Advisors LP grew its stake in John Hancock Tax-Advantaged Dividend Income Fund by 2.3% during the second quarter. First Trust Advisors LP now owns 120,175 shares of the company’s stock worth $2,811,000 after purchasing an additional 2,677 shares during the period. Finally, Walleye Capital LLC grew its position in shares of John Hancock Tax-Advantaged Dividend Income Fund by 11.7% during the 2nd quarter. Walleye Capital LLC now owns 27,100 shares of the company’s stock worth $634,000 after buying an additional 2,841 shares during the period.

About John Hancock Tax-Advantaged Dividend Income Fund

John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) is a closed-end management investment company sponsored by John Hancock Investment Management, a division of Manulife Investment Management. The fund seeks to provide investors with tax-advantaged monthly income and the potential for capital appreciation by investing in a diversified portfolio of dividend-paying equities and taxable debt securities. It trades on the New York Stock Exchange under the ticker HTD and is structured to offer enhanced income opportunities compared to traditional equity or bond portfolios.

The fund’s primary investment strategy combines equity and fixed-income exposure.