John Hancock Premium Dividend Fund (NYSE:PDT) Stock Crosses Above 200-Day Moving Average of $10.76

Shares of John Hancock Premium Dividend Fund (NYSE:PDT) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.76 and traded as high as $11.17. John Hancock Premium Dividend Fund shares last traded at $11.14, with a volume of 63,175 shares changing hands.

John Hancock Premium Dividend Fund Price Performance

The business has a 50-day simple moving average of $11.43 and a 200-day simple moving average of $10.76.

John Hancock Premium Dividend Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, April 11th will be given a $0.0825 dividend. This represents a $0.99 dividend on an annualized basis and a yield of 8.89%. The ex-dividend date is Wednesday, April 10th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. J.W. Cole Advisors Inc. increased its holdings in shares of John Hancock Premium Dividend Fund by 15.7% in the 4th quarter. J.W. Cole Advisors Inc. now owns 16,457 shares of the real estate investment trust’s stock valued at $175,000 after acquiring an additional 2,228 shares during the last quarter. Stratos Wealth Partners LTD. increased its holdings in shares of John Hancock Premium Dividend Fund by 2.2% in the 4th quarter. Stratos Wealth Partners LTD. now owns 124,146 shares of the real estate investment trust’s stock valued at $1,322,000 after acquiring an additional 2,726 shares during the last quarter. Kestra Advisory Services LLC increased its holdings in shares of John Hancock Premium Dividend Fund by 9.4% in the 3rd quarter. Kestra Advisory Services LLC now owns 87,812 shares of the real estate investment trust’s stock valued at $845,000 after acquiring an additional 7,542 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of John Hancock Premium Dividend Fund by 25.8% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 63,054 shares of the real estate investment trust’s stock valued at $607,000 after acquiring an additional 12,938 shares during the last quarter. Finally, CTC Alternative Strategies Ltd. purchased a new position in John Hancock Premium Dividend Fund during the 4th quarter worth approximately $140,000. Hedge funds and other institutional investors own 12.98% of the company’s stock.

John Hancock Premium Dividend Fund Company Profile

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.