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

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $23.09 and traded as high as $23.57. John Hancock Tax-Advantaged Dividend Income Fund shares last traded at $23.47, with a volume of 42,153 shares.

John Hancock Tax-Advantaged Dividend Income Fund Price Performance

The stock’s 50-day moving average is $23.11 and its 200 day moving average is $22.91.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 13th will be issued a $0.138 dividend. The ex-dividend date is Thursday, March 13th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in John Hancock Tax-Advantaged Dividend Income Fund in the fourth quarter valued at $6,574,000. Captrust Financial Advisors increased its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 152.2% in the 4th quarter. Captrust Financial Advisors now owns 454,419 shares of the company’s stock valued at $10,006,000 after purchasing an additional 274,236 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund in the fourth quarter valued at about $928,000. Wells Fargo & Company MN boosted its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 18.9% during the fourth quarter. Wells Fargo & Company MN now owns 235,814 shares of the company’s stock worth $5,193,000 after buying an additional 37,456 shares in the last quarter. Finally, Walleye Capital LLC purchased a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the third quarter worth about $844,000.

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.