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

John Hancock Premium Dividend Fund (NYSE:PDT)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.08 and traded as high as $13.28. John Hancock Premium Dividend Fund shares last traded at $13.2150, with a volume of 78,882 shares traded.

John Hancock Premium Dividend Fund Stock Performance

The business’s 50 day simple moving average is $13.18 and its 200 day simple moving average is $13.08.

John Hancock Premium Dividend Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 12th will be given a dividend of $0.0825 per share. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend is Thursday, March 12th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. SHP Wealth Management acquired a new stake in John Hancock Premium Dividend Fund during the fourth quarter worth $27,000. Advisory Services Network LLC acquired a new stake in shares of John Hancock Premium Dividend Fund during the 3rd quarter worth about $35,000. Northwestern Mutual Wealth Management Co. raised its holdings in 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 buying an additional 864 shares during the period. First Horizon Corp purchased a new stake in John Hancock Premium Dividend Fund in the 3rd quarter valued at about $43,000. Finally, PNC Financial Services Group Inc. lifted its position in John Hancock Premium Dividend Fund by 36.4% in the third quarter. PNC Financial Services Group Inc. now owns 3,328 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 889 shares during the last quarter. 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.