John Hancock Premium Dividend Fund (NYSE:PDT) Stock Price Crosses Above Two Hundred Day Moving Average of $10.69

Shares of John Hancock Premium Dividend Fund (NYSE:PDT) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.69 and traded as high as $10.89. John Hancock Premium Dividend Fund shares last traded at $10.80, with a volume of 111,870 shares.

John Hancock Premium Dividend Fund Trading Up 0.4 %

The firm has a fifty day simple moving average of $11.41 and a 200-day simple moving average of $10.69.

John Hancock Premium Dividend Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, April 11th will be issued a dividend of $0.0825 per share. This represents a $0.99 annualized dividend and a dividend yield of 9.17%. The ex-dividend date is Wednesday, April 10th.

Hedge Funds Weigh In On John Hancock Premium Dividend Fund

Institutional investors have recently added to or reduced their stakes in the stock. Creative Planning acquired a new stake in shares of John Hancock Premium Dividend Fund in the 3rd quarter worth approximately $34,000. Captrust Financial Advisors acquired a new stake in shares of John Hancock Premium Dividend Fund during the second quarter valued at about $84,000. Comerica Bank bought a new position in shares of John Hancock Premium Dividend Fund during the third quarter worth about $87,000. Northern Trust Corp bought a new position in shares of John Hancock Premium Dividend Fund during the fourth quarter worth about $117,000. Finally, CTC Alternative Strategies Ltd. bought a new position in shares of John Hancock Premium Dividend Fund during the fourth quarter worth about $140,000. Institutional investors and hedge funds own 12.98% of the company’s stock.

About John Hancock Premium Dividend Fund

John Hancock Premium Dividend 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. 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.