John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Stock Passes Below Fifty Day Moving Average – Here’s Why

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $24.61 and traded as low as $23.54. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $23.6710, with a volume of 96,199 shares changing hands.

John Hancock Tax-Advantaged Dividend Income Fund Stock Performance

The company has a fifty day moving average price of $24.61 and a 200-day moving average price of $24.17.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Thursday, December 11th will be paid a $0.158 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date is Thursday, December 11th.

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

Several large investors have recently modified their holdings of the stock. Newbridge Financial Services Group Inc. acquired a new position in John Hancock Tax-Advantaged Dividend Income Fund in the second quarter valued at about $2,258,000. Osaic Holdings Inc. raised its position in shares of John Hancock Tax-Advantaged Dividend Income Fund by 29.9% during the 2nd quarter. Osaic Holdings Inc. now owns 166,155 shares of the company’s stock valued at $3,887,000 after acquiring an additional 38,290 shares during the last quarter. World Investment Advisors bought a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund during the third quarter worth $766,000. Guggenheim Capital LLC raised its position in shares of John Hancock Tax-Advantaged Dividend Income Fund by 8.2% during the first quarter. Guggenheim Capital LLC now owns 406,624 shares of the company’s stock worth $9,731,000 after purchasing an additional 30,687 shares during the period. Finally, UBS Group AG raised its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 4.1% during the third quarter. UBS Group AG now owns 747,625 shares of the company’s stock worth $18,541,000 after acquiring an additional 29,683 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.