John Hancock Premium Dividend Fund (NYSE:PDT) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

John Hancock Premium Dividend Fund (NYSE:PDT) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $13.08 and traded as high as $13.49. John Hancock Premium Dividend Fund shares last traded at $13.3130, with a volume of 101,460 shares changing hands.

John Hancock Premium Dividend Fund Stock Performance

The firm’s 50-day moving average is $12.89 and its two-hundred day moving average is $13.08.

John Hancock Premium Dividend Fund Announces Dividend

The company 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 is Thursday, February 12th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PDT. Ameriflex Group Inc. boosted its stake in John Hancock Premium Dividend Fund by 324.6% during the 4th quarter. Ameriflex Group Inc. now owns 4,246 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 3,246 shares during the last quarter. EP Wealth Advisors LLC purchased a new position in shares of John Hancock Premium Dividend Fund in the fourth quarter worth about $191,000. Readystate Asset Management LP lifted its stake in shares of John Hancock Premium Dividend Fund by 168.6% in the fourth quarter. Readystate Asset Management LP now owns 99,738 shares of the real estate investment trust’s stock worth $1,267,000 after buying an additional 62,607 shares in the last quarter. Millennium Management LLC acquired a new position in John Hancock Premium Dividend Fund during the fourth quarter worth about $1,093,000. Finally, 1607 Capital Partners LLC purchased a new stake in John Hancock Premium Dividend Fund during the 4th quarter valued at about $2,708,000. 12.98% of the stock is 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.