A director at John Hancock’s tax-advantaged fund bought HTD shares, signaling potential confidence in the closed-end fund’s outlook.
A director of John Hancock Tax-Advantaged Dividend Income Fund (HTD) acquired $11,999 worth of shares, according to a recent filing. The purchase reflects an insider transaction within the closed-end fund, which focuses on high-dividend equities and tax-efficient strategies.
HTD has traded in a range of $18 to $22 over the past year, with recent volumes averaging around 150,000 shares daily. The fund’s yield and discount to net asset value have been key metrics for investors amid shifting interest rate expectations.
No immediate market reaction was observed following the disclosure, though insider purchases often draw attention from income-focused investors.