John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $22.52 and traded as high as $23.57. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $23.49, with a volume of 77,891 shares trading hands.

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

The company has a 50 day moving average of $22.52 and a two-hundred day moving average of $22.57.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, February 13th will be issued a $0.138 dividend. The ex-dividend date is Thursday, February 13th.

Institutional Trading of John Hancock Tax-Advantaged Dividend Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Invesco Ltd. boosted its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 6.2% during the fourth quarter. Invesco Ltd. now owns 499,820 shares of the company’s stock worth $11,006,000 after buying an additional 29,127 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 152.2% during the 4th quarter. Captrust Financial Advisors now owns 454,419 shares of the company’s stock worth $10,006,000 after acquiring an additional 274,236 shares in the last quarter. Guggenheim Capital LLC boosted its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 8.8% during the 4th quarter. Guggenheim Capital LLC now owns 375,937 shares of the company’s stock worth $8,278,000 after acquiring an additional 30,387 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 4th quarter worth $6,574,000. Finally, LPL Financial LLC raised its position in shares of John Hancock Tax-Advantaged Dividend Income Fund by 9.6% during the fourth quarter. LPL Financial LLC now owns 266,531 shares of the company’s stock worth $5,869,000 after purchasing an additional 23,368 shares during the period.

John Hancock Tax-Advantaged Dividend Income Fund Company Profile

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.