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

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD)’s share price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $23.00 and traded as low as $22.08. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $22.19, with a volume of 31,355 shares.

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

The firm’s 50 day moving average is $22.95 and its 200 day moving average is $21.94.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th will be given a $0.138 dividend. The ex-dividend date is Thursday, December 12th.

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

Several institutional investors and hedge funds have recently bought and sold shares of HTD. Kennebec Savings Bank purchased a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund during the third quarter valued at approximately $30,000. Truist Financial Corp bought a new position in John Hancock Tax-Advantaged Dividend Income Fund in the 2nd quarter worth $203,000. SMH Capital Advisors Inc. purchased a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 3rd quarter worth about $214,000. US Bancorp DE boosted its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 42.7% during the 3rd quarter. US Bancorp DE now owns 10,701 shares of the company’s stock valued at $248,000 after purchasing an additional 3,201 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of 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 valued at $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.