John Hancock Premium Dividend Fund (NYSE:PDT) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of John Hancock Premium Dividend Fund (NYSE:PDT) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.08 and traded as high as $13.36. John Hancock Premium Dividend Fund shares last traded at $13.3450, with a volume of 106,093 shares trading hands.

John Hancock Premium Dividend Fund Price Performance

The business’s 50 day moving average is $12.82 and its 200 day moving average is $13.08.

John Hancock Premium Dividend Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Thursday, February 12th will be given a $0.0825 dividend. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend is Thursday, February 12th.

Institutional Investors Weigh In On John Hancock Premium Dividend Fund

Institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its holdings in shares of John Hancock Premium Dividend Fund by 43.2% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 2,864 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 864 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of John Hancock Premium Dividend Fund by 36.4% during the third quarter. PNC Financial Services Group Inc. now owns 3,328 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 889 shares during the period. Pathway Financial Advisers LLC grew its position in John Hancock Premium Dividend Fund by 0.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 229,043 shares of the real estate investment trust’s stock valued at $2,909,000 after purchasing an additional 917 shares in the last quarter. Raymond James Financial Inc. lifted its position in John Hancock Premium Dividend Fund by 9.3% in the 2nd quarter. Raymond James Financial Inc. now owns 28,567 shares of the real estate investment trust’s stock worth $376,000 after buying an additional 2,425 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of John Hancock Premium Dividend Fund during the 3rd quarter valued at $35,000. 12.98% of the stock is currently owned by institutional investors and hedge funds.

About John Hancock Premium Dividend Fund

The John Hancock Premium Dividend Fund (NYSE:PDT) is a publicly traded, closed-end management investment company designed to deliver high current income and potential capital growth. The fund’s core strategy centers on dividend-paying and income-producing securities, combining equity and fixed-income instruments to achieve a balanced risk-return profile.

Managed by John Hancock Investment Management (US) LLC, a subsidiary of Manulife Financial Corporation, the fund primarily allocates assets to dividend-paying common stocks and preferred stocks of U.S.