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

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD)’s share price crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $23.45 and traded as low as $23.12. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $23.15, with a volume of 180,908 shares.

John Hancock Tax-Advantaged Dividend Income Fund Trading Down 1.7%

The company has a 50-day moving average price of $23.45 and a 200-day moving average price of $24.82.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Thursday, November 12th will be issued a $0.1580 dividend. The ex-dividend date is Thursday, November 12th. This represents a $1.90 annualized dividend and a dividend yield of 8.2%.

Institutional Trading of John Hancock Tax-Advantaged Dividend Income Fund

A number of large investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund in the second quarter valued at approximately $33,000. Fifth Third Bancorp purchased a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund in the first quarter valued at about $79,000. Western Wealth Management LLC purchased a new stake in John Hancock Tax-Advantaged Dividend Income Fund in the 1st quarter valued at approximately $186,000. WealthTrust Asset Management LLC purchased a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund in the first quarter valued at approximately $213,000. Finally, SMH Capital Advisors Inc. acquired a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund during the 3rd quarter worth $209,000.

John Hancock Tax-Advantaged Dividend Income Fund Company Profile

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) is a closed-end investment fund managed by John Hancock Investment Management. The fund seeks to provide a high level of current income that is generally eligible for favorable U.S. federal income-tax treatment, along with the potential for long-term growth of capital.

HTD invests primarily in dividend-paying common stocks and preferred securities. Its portfolio has a particular emphasis on companies in the utilities and other defensive, income-oriented sectors, while also allowing exposure to a broader range of industries and issuers.