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

Shares of John Hancock Premium Dividend Fund (NYSE:PDT) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.90 and traded as high as $13.36. John Hancock Premium Dividend Fund shares last traded at $13.30, with a volume of 212,457 shares traded.

John Hancock Premium Dividend Fund Trading Down 0.2%

The firm has a 50-day simple moving average of $13.24 and a two-hundred day simple moving average of $12.90.

John Hancock Premium Dividend Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 11th will be given a dividend of $0.0825 per share. The ex-dividend date is Monday, August 11th. This represents a c) annualized dividend and a yield of 7.4%.

Institutional Trading of John Hancock Premium Dividend Fund

Several large investors have recently modified their holdings of the stock. Invesco Ltd. grew its holdings in shares of John Hancock Premium Dividend Fund by 2.4% during the 2nd quarter. Invesco Ltd. now owns 687,451 shares of the real estate investment trust’s stock worth $9,054,000 after purchasing an additional 16,425 shares in the last quarter. Axxcess Wealth Management LLC grew its holdings in shares of John Hancock Premium Dividend Fund by 3.4% during the 1st quarter. Axxcess Wealth Management LLC now owns 488,573 shares of the real estate investment trust’s stock worth $6,391,000 after purchasing an additional 16,005 shares in the last quarter. Cornerstone Advisors LLC grew its holdings in shares of John Hancock Premium Dividend Fund by 14.0% during the 2nd quarter. Cornerstone Advisors LLC now owns 231,762 shares of the real estate investment trust’s stock worth $3,052,000 after purchasing an additional 28,424 shares in the last quarter. Pathway Financial Advisers LLC grew its holdings in shares of John Hancock Premium Dividend Fund by 2.4% during the 2nd quarter. Pathway Financial Advisers LLC now owns 226,179 shares of the real estate investment trust’s stock worth $2,979,000 after purchasing an additional 5,360 shares in the last quarter. Finally, Stratos Wealth Partners LTD. grew its holdings in shares of John Hancock Premium Dividend Fund by 3.4% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 143,936 shares of the real estate investment trust’s stock worth $1,896,000 after purchasing an additional 4,796 shares in the last quarter. 12.98% of the stock is owned by institutional investors and hedge funds.

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.