John Hancock Premium Dividend Fund (NYSE:PDT) Stock Passes Above 200 Day Moving Average – Here’s Why

John Hancock Premium Dividend Fund (NYSE:PDT)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.72 and traded as high as $13.15. John Hancock Premium Dividend Fund shares last traded at $13.01, with a volume of 175,945 shares traded.

John Hancock Premium Dividend Fund Price Performance

The firm has a 50 day simple moving average of $12.69 and a 200-day simple moving average of $12.72.

John Hancock Premium Dividend Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, June 12th will be given a $0.0825 dividend. This represents a $0.99 annualized dividend and a dividend yield of 7.61%. The ex-dividend date is Thursday, June 12th.

Institutional Investors Weigh In On John Hancock Premium Dividend Fund

A number of institutional investors have recently made changes to their positions in PDT. BankPlus Trust Department bought a new stake in John Hancock Premium Dividend Fund in the 4th quarter valued at $113,000. Raymond James Financial Inc. acquired a new stake in shares of John Hancock Premium Dividend Fund during the fourth quarter worth $425,000. Axxcess Wealth Management LLC boosted its position in shares of John Hancock Premium Dividend Fund by 5.4% in the fourth quarter. Axxcess Wealth Management LLC now owns 472,568 shares of the real estate investment trust’s stock valued at $6,021,000 after acquiring an additional 24,350 shares during the period. LPL Financial LLC grew its stake in shares of John Hancock Premium Dividend Fund by 71.1% in the fourth quarter. LPL Financial LLC now owns 402,034 shares of the real estate investment trust’s stock valued at $5,122,000 after acquiring an additional 167,125 shares in the last quarter. Finally, Ausdal Financial Partners Inc. increased its position in John Hancock Premium Dividend Fund by 1.7% during the fourth quarter. Ausdal Financial Partners Inc. now owns 57,932 shares of the real estate investment trust’s stock worth $738,000 after acquiring an additional 983 shares during the period. Institutional investors 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.