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

Shares of John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) passed below its fifty day moving average during trading on Friday . The stock has a fifty 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.

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

The business has a 50 day moving average of $19.99 and a two-hundred day moving average of $19.42.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Bell Private Wealth Management LLC bought a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund during the fourth quarter worth approximately $27,000. Creekmur Asset Management LLC acquired a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the 4th quarter worth approximately $30,000. Global Retirement Partners LLC boosted its stake in John Hancock Tax-Advantaged Dividend Income Fund by 97.7% in the 4th quarter. Global Retirement Partners LLC now owns 1,977 shares of the company’s stock valued at $38,000 after purchasing an additional 977 shares during the period. PNC Financial Services Group Inc. grew its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 238.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,003 shares of the company’s stock valued at $57,000 after buying an additional 2,115 shares in the last quarter. Finally, Redmont Wealth Advisors LLC bought a new position in John Hancock Tax-Advantaged Dividend Income Fund during the 1st 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.